Jones Financial Companies Lllp Has $1.06 Million Stock Holdings in Federated Hermes U.S. Strategic Dividend ETF $FDV

Jones Financial Companies Lllp increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 383.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,946 shares of the company’s stock after purchasing an additional 29,301 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.22% of Federated Hermes U.S. Strategic Dividend ETF worth $1,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Federated Hermes U.S. Strategic Dividend ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 156,275 shares of the company’s stock valued at $4,401,000 after acquiring an additional 5,448 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 481,953 shares of the company’s stock valued at $13,234,000 after purchasing an additional 65,362 shares during the period. Claro Advisors LLC raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 13.0% during the 2nd quarter. Claro Advisors LLC now owns 19,310 shares of the company’s stock valued at $530,000 after purchasing an additional 2,225 shares during the period. Ascension Capital Advisors Inc. lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 0.7% during the 2nd quarter. Ascension Capital Advisors Inc. now owns 1,127,603 shares of the company’s stock worth $30,964,000 after purchasing an additional 7,367 shares in the last quarter. Finally, Intrua Financial LLC boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 113.6% in the 2nd quarter. Intrua Financial LLC now owns 21,150 shares of the company’s stock worth $581,000 after purchasing an additional 11,250 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Federated Hermes U.S. Strategic Dividend ETF stock opened at $31.81 on Thursday. The stock has a market cap of $626.66 million, a P/E ratio of 16.95 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a fifty-two week low of $24.39 and a fifty-two week high of $31.90. The firm’s fifty day moving average price is $29.48 and its 200-day moving average price is $28.82.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.0696 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

About Federated Hermes U.S. Strategic Dividend ETF

The Federated Hermes U.S. Strategic Dividend ETF (FDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of high dividend-paying US stocks with the potential for dividend growth. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.