Broadway Wealth Solutions Inc. Purchases Shares of 754,343 Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB)

Broadway Wealth Solutions Inc. acquired a new position in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 754,343 shares of the company’s stock, valued at approximately $18,617,000. Federated Hermes Total Return Bond ETF accounts for about 14.1% of Broadway Wealth Solutions Inc.’s holdings, making the stock its 3rd largest holding. Broadway Wealth Solutions Inc. owned about 21.55% of Federated Hermes Total Return Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in Federated Hermes Total Return Bond ETF during the 4th quarter worth about $64,000. OLD Second National Bank of Aurora boosted its position in Federated Hermes Total Return Bond ETF by 88.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 10,193 shares of the company’s stock valued at $252,000 after purchasing an additional 4,786 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Federated Hermes Total Return Bond ETF during the fourth quarter valued at approximately $333,000. Hilltop Holdings Inc. bought a new position in Federated Hermes Total Return Bond ETF in the third quarter valued at approximately $473,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Federated Hermes Total Return Bond ETF by 13.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,614 shares of the company’s stock worth $632,000 after purchasing an additional 3,128 shares during the last quarter.

Federated Hermes Total Return Bond ETF Trading Up 0.1 %

NYSEARCA FTRB opened at $24.99 on Friday. Federated Hermes Total Return Bond ETF has a 12 month low of $24.19 and a 12 month high of $26.24. The stock has a 50 day moving average of $24.90 and a 200-day moving average of $25.09. The company has a market cap of $257.40 million, a PE ratio of 12.00 and a beta of 0.09.

Federated Hermes Total Return Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.0775 dividend. 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.