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Federated Hermes launches active ETF targeting high monthly distributions
PRNewswire (Wed, 8-Oct 8:32 AM ET)
A fund seeking income and long-term capital appreciation by investing primarily in high dividend-paying stocks of U.S. issuers with dividend growth potential. The Fund intends to invest exclusively in U.S. issuers (i.e., companies domiciled and/or with operations in the United States, or listed on U.S.-based exchanges), and generally invests in large cap or mid cap stocks.
Federated Hermes U.S. Strategic Dividend ETF trades on the ARCA stock market under the symbol FDV.
As of January 2, 2026, FDV stock price climbed to $28.68 with 215,500 million shares trading.
FDV has a beta of 0.55, meaning it tends to be less sensitive to market movements. FDV has a correlation of 0.58 to the broad based SPY ETF.
FDV has a market cap of $586.22 million. This is considered a Small Cap stock.
In the last 3 years, FDV traded as high as $29.80 and as low as $21.32.
FDV has underperformed the market in the last year with a price return of +11.2% while the SPY ETF gained +17.7%. FDV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.2% and -0.3%, respectively, while the SPY returned +2.7% and +1.9%, respectively.
FDV support price is $28.42 and resistance is $28.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDV shares will trade within this expected range on the day.
