Federated Hermes MDT Market Neutral ETF (MKTN)
Federated Hermes MDT Market Neutral ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Pittsburgh, PA, US. The stock last traded at $27.15, down 0.16% on the session, giving a market capitalisation of $2.8M. Its beta of -0.16 implies it has historically moved less than the broad market.
This actively managed equity ETF, the Federated Hermes MDT Market Neutral ETF, is designed to pursue sustained capital appreciation over an extended period. It achieves this by intentionally minimizing its susceptibility to general stock market fluctuations. The fund employs sophisticated quantitative models to systematically identify and execute both long and short equity positions, primarily within companies listed in the Russell 3000 index. The overarching goal is to deliver investment returns that exhibit minimal correlation with the broader market's performance.
Federated Hermes MDT Market Neutral ETF is most often compared with the following Financial Services names: