Federated Hermes achieves shareholder approval related to the Federated Hermes MDT Large Cap Growth ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Newsfilter
Change in Fund Classification: Federated Hermes MDT Large Cap Growth ETF has received approval to change from a diversified to a non-diversified company, effective September 16, 2024, allowing for greater flexibility in investment strategies.
Investment Strategy Overview: The fund primarily invests in large-cap U.S. companies with high growth potential, utilizing an actively managed approach while not being designed to track the Russell 1000® Growth Index directly.
Analyst Views on FLCG
Wall Street analysts forecast FLCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLCG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 32.310
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Current: 32.310
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
