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

Essex Financial Services Inc. acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,509 shares of the company’s stock, valued at approximately $333,000.

Several other large investors also recently modified their holdings of the stock. Strategic Financial Concepts LLC acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $509,000. Gateway Wealth Partners LLC acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $263,000. Lantz Financial LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% during the 4th quarter. Lantz Financial LLC now owns 243,605 shares of the company’s stock worth $6,480,000 after buying an additional 20,793 shares during the period. Priebe Wealth Holdings LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 99.1% during the 4th quarter. Priebe Wealth Holdings LLC now owns 50,425 shares of the company’s stock worth $1,341,000 after buying an additional 25,100 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in Federated Hermes U.S. Strategic Dividend ETF by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 136,744 shares of the company’s stock valued at $3,816,000 after purchasing an additional 1,643 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.7 %

NYSEARCA FDV opened at $28.02 on Friday. The company has a fifty day simple moving average of $27.18 and a 200 day simple moving average of $27.40. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $23.38 and a 12-month high of $28.66. The company has a market cap of $109.28 million, a P/E 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 given 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.

Federated Hermes U.S. Strategic Dividend ETF Company 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.