62,322 Shares in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 62,322 shares of the company’s stock, valued at approximately $1,761,000.

Several other institutional investors and hedge funds have also bought and sold shares of FDV. Private Trust Co. NA purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at approximately $84,000. Gateway Wealth Partners LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter valued at $263,000. Gladstone Institutional Advisory LLC bought a new position in Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter worth $283,000. HighTower Advisors LLC purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter worth about $300,000. Finally, Essex Financial Services Inc. bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter valued at about $333,000.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Shares of NYSEARCA FDV opened at $27.91 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $23.62 and a 1 year high of $28.90. The stock has a market capitalization of $283.84 million, a P/E ratio of 20.55 and a beta of 0.69. The company’s 50-day moving average is $27.94 and its 200 day moving average is $27.70.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.0662 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Federated Hermes U.S. Strategic Dividend ETF’s previous dividend of $0.06.

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.