Royal Bank of Canada Has $9.62 Million Stake in Federated Hermes U.S. Strategic Dividend ETF $FDV

Royal Bank of Canada lowered its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 9.2% in the first quarter, HoldingsChannel.com reports. The firm owned 312,281 shares of the company’s stock after selling 31,638 shares during the quarter. Royal Bank of Canada’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $9,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FDV. Gateway Wealth Partners LLC increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 156.0% during the first quarter. Gateway Wealth Partners LLC now owns 28,596 shares of the company’s stock worth $881,000 after purchasing an additional 17,427 shares during the period. Fifth Third Bancorp bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the first quarter valued at approximately $108,000. Private Advisor Group LLC boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.2% in the first quarter. Private Advisor Group LLC now owns 216,263 shares of the company’s stock valued at $6,661,000 after buying an additional 8,746 shares during the period. Essex Financial Services Inc. grew its position in Federated Hermes U.S. Strategic Dividend ETF by 19.0% during the first quarter. Essex Financial Services Inc. now owns 13,983 shares of the company’s stock worth $431,000 after buying an additional 2,234 shares in the last quarter. Finally, Intrua Financial LLC grew its position in Federated Hermes U.S. Strategic Dividend ETF by 7.2% during the first quarter. Intrua Financial LLC now owns 23,910 shares of the company’s stock worth $736,000 after buying an additional 1,600 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Federated Hermes U.S. Strategic Dividend ETF stock opened at $33.18 on Monday. The stock’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $31.41. Federated Hermes U.S. Strategic Dividend ETF has a one year low of $27.76 and a one year high of $35.11. The firm has a market cap of $885.91 million, a PE ratio of 16.95 and a beta of 0.49.

About Federated Hermes U.S. Strategic Dividend ETF

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.