Broadway Wealth Solutions Inc. Purchases New Shares in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB)

Broadway Wealth Solutions Inc. acquired a new position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 754,343 shares of the company’s stock, valued at approximately $18,617,000. Federated Hermes Total Return Bond ETF makes up approximately 14.1% of Broadway Wealth Solutions Inc.’s investment portfolio, making the stock its 3rd biggest position. Broadway Wealth Solutions Inc. owned 0.22% of Federated Hermes Total Return Bond ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FTRB. Steward Partners Investment Advisory LLC bought a new position in shares of Federated Hermes Total Return Bond ETF during the fourth quarter worth approximately $64,000. OLD Second National Bank of Aurora grew 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 worth $252,000 after buying an additional 4,786 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Federated Hermes Total Return Bond ETF during the 4th quarter worth $333,000. Hilltop Holdings Inc. acquired a new position in Federated Hermes Total Return Bond ETF in the 3rd quarter valued at $473,000. Finally, Janney Montgomery Scott LLC lifted 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 valued at $632,000 after acquiring an additional 3,128 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

FTRB opened at $24.99 on Friday. The firm has a market cap of $257.40 million, a P/E ratio of 12.00 and a beta of 0.09. The business’s fifty day moving average is $24.90 and its 200-day moving average is $25.09. Federated Hermes Total Return Bond ETF has a 52-week low of $24.19 and a 52-week high of $26.24.

Federated Hermes Total Return Bond ETF Cuts Dividend

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

Federated Hermes Total Return Bond ETF Company Profile

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.