Platform Technology Partners Buys 39,637 Shares of Federated Hermes Total Return Bond ETF $FTRB

Platform Technology Partners grew its stake in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 593,682 shares of the company’s stock after buying an additional 39,637 shares during the period. Federated Hermes Total Return Bond ETF accounts for approximately 2.2% of Platform Technology Partners’ holdings, making the stock its 7th biggest holding. Platform Technology Partners owned approximately 2.01% of Federated Hermes Total Return Bond ETF worth $14,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GTS Financial LLC acquired a new stake in Federated Hermes Total Return Bond ETF during the first quarter worth about $12,548,000. Commonwealth Equity Services LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the 3rd quarter worth about $5,389,000. Beaumont Financial Advisors LLC grew its holdings in shares of Federated Hermes Total Return Bond ETF by 191.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock worth $6,898,000 after purchasing an additional 180,035 shares during the period. Envestnet Asset Management Inc. increased its position in Federated Hermes Total Return Bond ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock worth $21,942,000 after purchasing an additional 67,693 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. increased its position in Federated Hermes Total Return Bond ETF by 5.7% during the 3rd quarter. Broadway Wealth Solutions Inc. now owns 1,229,917 shares of the company’s stock worth $29,457,000 after purchasing an additional 66,091 shares in the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

NYSEARCA FTRB opened at $24.51 on Friday. Federated Hermes Total Return Bond ETF has a one year low of $23.86 and a one year high of $25.79. The company’s 50 day moving average price is $24.34 and its 200 day moving average price is $24.95. The firm has a market capitalization of $725.50 million, a price-to-earnings ratio of 8.09 and a beta of 0.12.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.