Schneider Downs Wealth Management Advisors LP Purchases 231,757 Shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB)

Schneider Downs Wealth Management Advisors LP grew its position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 108.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,682 shares of the company’s stock after purchasing an additional 231,757 shares during the quarter. Federated Hermes Total Return Bond ETF makes up about 2.1% of Schneider Downs Wealth Management Advisors LP’s investment portfolio, making the stock its 11th largest holding. Schneider Downs Wealth Management Advisors LP owned approximately 12.71% of Federated Hermes Total Return Bond ETF worth $10,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTRB. OLD Second National Bank of Aurora boosted its position in shares of Federated Hermes Total Return Bond ETF by 88.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 10,193 shares of the company’s stock worth $252,000 after purchasing an additional 4,786 shares during the period. Twin Peaks Wealth Advisors LLC boosted its position in shares of Federated Hermes Total Return Bond ETF by 5.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 11,375 shares of the company’s stock worth $293,000 after acquiring an additional 609 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Federated Hermes Total Return Bond ETF during the fourth quarter worth $333,000. Claro Advisors LLC boosted its position in shares of Federated Hermes Total Return Bond ETF by 5.9% during the third quarter. Claro Advisors LLC now owns 18,000 shares of the company’s stock worth $464,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Hilltop Holdings Inc. bought a new position in shares of Federated Hermes Total Return Bond ETF during the third quarter worth $473,000.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA:FTRB opened at $25.16 on Thursday. The firm has a fifty day moving average price of $24.71 and a 200 day moving average price of $25.16. Federated Hermes Total Return Bond ETF has a fifty-two week low of $24.19 and a fifty-two week high of $26.24. The firm has a market cap of $244.05 million, a price-to-earnings ratio of 8.01 and a beta of 0.09.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0775 per share. The ex-dividend date was Friday, January 31st.

About Federated Hermes Total Return Bond ETF

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process.