Eastern Bank Raises Holdings in Federated Hermes MDT Large Cap Value ETF $FLCV

Eastern Bank grew its position in shares of Federated Hermes MDT Large Cap Value ETF (NYSEARCA:FLCV) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,066 shares of the company’s stock after purchasing an additional 8,246 shares during the quarter. Eastern Bank owned approximately 7.38% of Federated Hermes MDT Large Cap Value ETF worth $2,447,000 as of its most recent filing with the SEC.

Separately, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Federated Hermes MDT Large Cap Value ETF during the second quarter worth about $4,841,000.

Federated Hermes MDT Large Cap Value ETF Stock Performance

Shares of FLCV stock opened at $29.60 on Friday. The stock’s 50-day moving average is $30.19 and its two-hundred day moving average is $28.87. The firm has a market cap of $35.52 million and a price-to-earnings ratio of 18.26. Federated Hermes MDT Large Cap Value ETF has a 1 year low of $24.09 and a 1 year high of $30.74.

Federated Hermes MDT Large Cap Value ETF Profile

The Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCV was launched on Jul 30, 2024 and is issued by Federated Hermes.