Thrivent Financial for Lutherans Makes New $47.77 Million Investment in Federated Hermes U.S. Strategic Dividend ETF $FDV

Thrivent Financial for Lutherans acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,669,008 shares of the company’s stock, valued at approximately $47,767,000. Thrivent Financial for Lutherans owned about 10.05% of Federated Hermes U.S. Strategic Dividend ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% during the 3rd quarter. Truist Financial Corp now owns 359,662 shares of the company’s stock worth $10,294,000 after purchasing an additional 30,612 shares in the last quarter. Intrua Financial LLC raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.1% in the third quarter. Intrua Financial LLC now owns 22,010 shares of the company’s stock valued at $630,000 after purchasing an additional 860 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Federated Hermes U.S. Strategic Dividend ETF by 15.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,442 shares of the company’s stock worth $327,000 after purchasing an additional 1,508 shares during the period. Gladstone Institutional Advisory LLC lifted its position in Federated Hermes U.S. Strategic Dividend ETF by 14.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 24,467 shares of the company’s stock worth $700,000 after purchasing an additional 3,177 shares during the period. Finally, Fourpath Capital Management LLC boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 44.5% during the third quarter. Fourpath Capital Management LLC now owns 600,013 shares of the company’s stock worth $17,172,000 after buying an additional 184,640 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of FDV stock opened at $30.42 on Tuesday. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $30.46. The stock has a market cap of $605.36 million, a price-to-earnings ratio of 16.95 and a beta of 0.63. The firm has a fifty day moving average of $29.11 and a 200-day moving average of $28.67.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a dividend of $0.0696 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Federated Hermes U.S. Strategic Dividend ETF Company Profile

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.