Federated Hermes announces shareholder approval related to ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
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Change in ETF Status: Federated Hermes MDT Large Cap Growth ETF (FLCG) has received approval to transition from a diversified to a non-diversified company, effective around September 16.
Approval Process: The change was approved through majority shareholder consent without the need for a proxy or solicitation, bypassing a formal shareholder meeting.
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.
