International Assets Investment Management LLC Invests $1.10 Million in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

International Assets Investment Management LLC purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,619 shares of the company’s stock, valued at approximately $1,095,000. International Assets Investment Management LLC owned approximately 1.75% of Federated Hermes U.S. Strategic Dividend ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 34.8% in the fourth quarter. DAVENPORT & Co LLC now owns 16,437 shares of the company’s stock worth $395,000 after purchasing an additional 4,245 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 12.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 44,976 shares of the company’s stock worth $1,080,000 after purchasing an additional 5,014 shares during the period. Raymond James & Associates boosted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 12.4% in the 4th quarter. Raymond James & Associates now owns 128,965 shares of the company’s stock worth $3,096,000 after buying an additional 14,202 shares during the last quarter. Lantz Financial LLC grew its position in Federated Hermes U.S. Strategic Dividend ETF by 25.3% during the fourth quarter. Lantz Financial LLC now owns 100,454 shares of the company’s stock valued at $2,412,000 after buying an additional 20,262 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in Federated Hermes U.S. Strategic Dividend ETF by 22.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,700 shares of the company’s stock valued at $60,000 after buying an additional 500 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of FDV stock opened at $24.34 on Tuesday. The firm has a market cap of $90.06 million, a price-to-earnings ratio of 14.60 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $21.32 and a 52 week high of $25.71. The firm’s 50-day simple moving average is $24.28 and its two-hundred day simple moving average is $23.60.

Federated Hermes U.S. Strategic Dividend ETF 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.