Essex Financial Services Inc. Takes $333,000 Position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Essex Financial Services Inc. acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,509 shares of the company’s stock, valued at approximately $333,000. Essex Financial Services Inc. owned 0.32% of Federated Hermes U.S. Strategic Dividend ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FDV. Raymond James & Associates raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 408.1% in the third quarter. Raymond James & Associates now owns 429,644 shares of the company’s stock valued at $11,991,000 after purchasing an additional 345,085 shares during the period. Ascension Capital Advisors Inc. grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 8.2% in the third quarter. Ascension Capital Advisors Inc. now owns 1,072,643 shares of the company’s stock valued at $29,937,000 after acquiring an additional 81,360 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 154.0% in the third quarter. Janney Montgomery Scott LLC now owns 114,908 shares of the company’s stock valued at $3,207,000 after acquiring an additional 69,675 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 464.8% in the third quarter. Hilltop Holdings Inc. now owns 69,159 shares of the company’s stock valued at $1,930,000 after acquiring an additional 56,915 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 30.2% in the third quarter. Private Advisor Group LLC now owns 189,315 shares of the company’s stock valued at $5,284,000 after acquiring an additional 43,860 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

FDV stock opened at $28.02 on Friday. The company’s 50-day simple moving average is $27.18 and its 200 day simple moving average is $27.40. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $23.38 and a 52 week high of $28.66. The company has a market capitalization of $109.28 million, a PE ratio of 14.90 and a beta of 0.60.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.0662 dividend. The ex-dividend date was Friday, January 31st. This is an increase from Federated Hermes U.S. Strategic Dividend ETF’s previous dividend of $0.06.

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.