Citadel Advisors LLC Makes New $1.09 Million Investment in Federated Hermes Total Return Bond ETF $FTRB

Citadel Advisors LLC purchased a new position in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,303 shares of the company’s stock, valued at approximately $1,087,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilkerson Advisory Group LLC increased its position in Federated Hermes Total Return Bond ETF by 6.8% during the first quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock worth $14,943,000 after purchasing an additional 37,775 shares during the last quarter. Hills Bank & Trust Co raised its stake in Federated Hermes Total Return Bond ETF by 4.2% during the fourth quarter. Hills Bank & Trust Co now owns 2,638,018 shares of the company’s stock worth $66,979,000 after purchasing an additional 107,391 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Federated Hermes Total Return Bond ETF in the 2nd quarter valued at about $1,629,000. Beaumont Financial Advisors LLC boosted its holdings in Federated Hermes Total Return Bond ETF by 191.0% in the 1st quarter. Beaumont Financial Advisors LLC now owns 274,316 shares of the company’s stock valued at $6,898,000 after purchasing an additional 180,035 shares during the last quarter. Finally, Platform Technology Partners grew its stake in shares of Federated Hermes Total Return Bond ETF by 5.4% in the 1st quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock valued at $12,091,000 after buying an additional 24,524 shares during the period.

Federated Hermes Total Return Bond ETF Price Performance

Federated Hermes Total Return Bond ETF stock opened at $24.49 on Friday. The firm has a 50 day simple moving average of $24.81 and a 200-day simple moving average of $25.07. The stock has a market cap of $590.21 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 1-year low of $24.48 and a 1-year high of $25.79.

Federated Hermes Total Return Bond ETF 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.