Federated Hermes MDT Large Cap Value ETF
FLCV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1001 Liberty Avenue Pittsburgh PA United States of America 15222
- IPO Date
- Jul 31, 2024
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes MDT Large Cap Value ETF (FLCV) is an exchange-traded fund that seeks to provide investment results corresponding to the price and yield performance, before fees and expenses, of the MDT Large Cap Value Index, focusing on large-cap U.S. equities exhibiting value characteristics such as low price-to-book and price-to-earnings ratios. The fund employs a passive management strategy, investing at least 80% of its net assets in securities included in the index; it offers exposure to sectors including financials, healthcare, industrials, consumer discretionary, and information technology, with holdings typically comprising around 100-150 stocks selected for their value metrics, low earnings variability, and financial strength. FLCV provides investors with a cost-effective vehicle for large-cap value investing, characterized by a low expense ratio, daily liquidity on major exchanges, and quarterly distributions, targeting institutional and retail investors seeking undervalued U.S. large-cap opportunities. Operated by Federated Hermes, Inc., a global asset manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, the ETF leverages Federated Hermes' expertise in active and passive strategies across equity, fixed income, and alternative investments; geographic operations are primarily U.S.-focused, with distribution through broker-dealers, financial advisors, and platforms worldwide. In recent developments, Federated Hermes announced enhancements to its ETF lineup in 2024, including strategic index adjustments for FLCV to incorporate refined value screens amid market volatility; the firm also completed a merger integration with MDT Advisors in prior years, bolstering the ETF's quantitative research capabilities, and expanded distribution partnerships with major platforms like Schwab and Fidelity to broaden retail access. No significant name changes or reorganizations have occurred recently, though Federated Hermes continues to emphasize ESG integration across funds, including selective overlays for FLCV holdings.