Truist Financial Corp Takes $9.72 Million Position in Federated Hermes MDT Small Cap Core ETF $FSCC

Truist Financial Corp bought a new stake in Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 328,633 shares of the company’s stock, valued at approximately $9,718,000. Truist Financial Corp owned 0.18% of Federated Hermes MDT Small Cap Core ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSCC. Envestnet Asset Management Inc. increased its holdings in Federated Hermes MDT Small Cap Core ETF by 85.3% in the second quarter. Envestnet Asset Management Inc. now owns 92,018 shares of the company’s stock valued at $2,400,000 after buying an additional 42,351 shares in the last quarter. Towerpoint Wealth LLC grew its position in shares of Federated Hermes MDT Small Cap Core ETF by 42.7% during the 3rd quarter. Towerpoint Wealth LLC now owns 24,222 shares of the company’s stock valued at $716,000 after acquiring an additional 7,243 shares during the period. Finally, DAVENPORT & Co LLC purchased a new position in shares of Federated Hermes MDT Small Cap Core ETF in the 3rd quarter valued at about $202,000.

Federated Hermes MDT Small Cap Core ETF Trading Down 1.2%

Shares of FSCC stock opened at $31.37 on Monday. Federated Hermes MDT Small Cap Core ETF has a 12-month low of $20.35 and a 12-month high of $32.62. The business’s 50 day moving average is $30.84 and its two-hundred day moving average is $29.50. The company has a market capitalization of $116.07 million, a P/E ratio of 15.80 and a beta of 1.42.

Federated Hermes MDT Small Cap Core ETF Company Profile

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.