Federated Hermes announces shareholder approval related to ETF

Federated Hermes (FHI) announced that the Federated Hermes ETF Trust, on behalf of its portfolio, Federated Hermes MDT Large Cap Growth ETF (FLCG), which seeks long-term capital appreciation by investing primarily in common stocks of large capitalization U.S. companies with higher forecasted growth values relative to the market, has obtained approval by majority shareholder consent action to change from a diversified company to a non-diversified company. “The change was approved by written consent in lieu of a shareholder meeting and no proxy or solicitation was necessary. The change will take effect on or about Sept. 16,” the company stated.