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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHI:
- Federated Hermes Premier Municipal Income Fund declares dividend
- Federated Hermes price target lowered to $33 from $34 at TD Cowen
- Federated Hermes, Inc. reports record assets under management with second quarter 2024 earnings
- Federated Hermes reports Q2 adjusted EPS 96c, consensus 89c
- FHI Upcoming Earnings Report: What to Expect?