Prosperity Financial Group Inc. Invests $762,000 in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB)

Prosperity Financial Group Inc. acquired a new position in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 30,874 shares of the company’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in Federated Hermes Total Return Bond ETF in the fourth quarter worth approximately $64,000. OLD Second National Bank of Aurora increased its holdings 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 valued at $252,000 after buying an additional 4,786 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Federated Hermes Total Return Bond ETF in the fourth quarter valued at $333,000. Claro Advisors LLC increased its holdings in shares of Federated Hermes Total Return Bond ETF by 5.9% in the third quarter. Claro Advisors LLC now owns 18,000 shares of the company’s stock valued at $464,000 after buying an additional 1,000 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new position in shares of Federated Hermes Total Return Bond ETF in the third quarter valued at $473,000.

Federated Hermes Total Return Bond ETF Stock Performance

NYSEARCA FTRB opened at $25.04 on Wednesday. The stock has a market capitalization of $249.90 million, a P/E ratio of 8.09 and a beta of 0.09. Federated Hermes Total Return Bond ETF has a 1 year low of $24.19 and a 1 year high of $26.24. The business’s fifty day moving average is $24.79 and its two-hundred day moving average is $25.13.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently declared 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.

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.