Fidelity Preferred Securities & Income ETF (BATS:FPFD) Stock Price Up 0.1%

Fidelity Preferred Securities & Income ETF (BATS:FPFD)’s share price rose 0.1% on Thursday . The company traded as high as $22.22 and last traded at $22.21. Approximately 20,416 shares changed hands during mid-day trading, The stock had previously closed at $22.19.

Fidelity Preferred Securities & Income ETF Trading Up 0.1 %

The stock has a fifty day moving average of $21.81 and a two-hundred day moving average of $21.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new stake in shares of Fidelity Preferred Securities & Income ETF in the 4th quarter worth approximately $87,000. Prairie Wealth Advisors Inc. grew its holdings in Fidelity Preferred Securities & Income ETF by 24.0% in the second quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock valued at $262,000 after purchasing an additional 2,350 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at $281,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Preferred Securities & Income ETF by 17.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 40,962 shares of the company’s stock worth $884,000 after buying an additional 6,005 shares in the last quarter.

Fidelity Preferred Securities & Income ETF Company Profile

The Fidelity Preferred Securities & Income ETF (FPFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in preferred and other income producing securities rated at least BB, issued by domestic and foreign issuers, with no specific target maturity. FPFD was launched on Jun 15, 2021 and is managed by Fidelity.