Focused Alpha LLC Sells 276,906 Shares of Federated Hermes Total Return Bond ETF $FTRB

Focused Alpha LLC lessened its holdings in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 93.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,758 shares of the company’s stock after selling 276,906 shares during the period. Focused Alpha LLC owned approximately 0.06% of Federated Hermes Total Return Bond ETF worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTRB. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $21,942,000 after buying an additional 67,693 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Federated Hermes Total Return Bond ETF by 10.5% in the second quarter. Integrated Wealth Concepts LLC now owns 233,990 shares of the company’s stock worth $5,872,000 after buying an additional 22,192 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Federated Hermes Total Return Bond ETF during the second quarter worth about $1,087,000. Concurrent Investment Advisors LLC acquired a new stake in Federated Hermes Total Return Bond ETF during the second quarter worth about $1,629,000. Finally, First Citizens Financial Corp lifted its holdings in Federated Hermes Total Return Bond ETF by 12.8% in the second quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock valued at $614,000 after acquiring an additional 2,772 shares during the period.

Federated Hermes Total Return Bond ETF Trading Down 0.3%

Shares of NYSEARCA:FTRB opened at $24.18 on Tuesday. Federated Hermes Total Return Bond ETF has a 12-month low of $23.86 and a 12-month high of $25.79. The business has a 50 day moving average of $24.44 and a two-hundred day moving average of $24.85. The company has a market capitalization of $710.89 million, a PE ratio of 8.09 and a beta of 0.13.

About Federated Hermes Total Return Bond ETF

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.