Fidelity Preferred Securities & Income ETF (BATS:FPFD – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.85 and traded as high as $22.00. Fidelity Preferred Securities & Income ETF shares last traded at $21.97, with a volume of 12,859 shares trading hands.
Fidelity Preferred Securities & Income ETF Stock Performance
The business has a fifty day simple moving average of $22.18 and a two-hundred day simple moving average of $21.86.
Institutional Trading of Fidelity Preferred Securities & Income ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FPFD. Commonwealth Equity Services LLC boosted its stake in shares of Fidelity Preferred Securities & Income ETF by 22.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 50,122 shares of the company’s stock valued at $1,076,000 after purchasing an additional 9,160 shares during the last quarter. Prairie Wealth Advisors Inc. grew its holdings in Fidelity Preferred Securities & Income ETF by 24.0% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock worth $262,000 after acquiring an additional 2,350 shares during the period. New Millennium Group LLC bought a new position in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter worth about $2,675,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter valued at about $1,125,000.
About Fidelity Preferred Securities & Income ETF
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.
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