Fidelity Preferred Securities & Income ETF (BATS:FPFD) Trading Up 0.2% – What’s Next?

Fidelity Preferred Securities & Income ETF (BATS:FPFD)’s share price shot up 0.2% during trading on Wednesday . The stock traded as high as $22.41 and last traded at $22.40. 13,432 shares changed hands during trading, The stock had previously closed at $22.36.

Fidelity Preferred Securities & Income ETF Trading Up 0.2 %

The firm has a 50-day moving average of $22.13 and a two-hundred day moving average of $21.68.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

Institutional investors have recently made changes to their positions in the company. Brookstone Capital Management acquired a new stake in shares of Fidelity Preferred Securities & Income ETF during the 1st quarter valued at about $281,000. Commonwealth Equity Services LLC boosted its position in Fidelity Preferred Securities & Income ETF by 17.2% during the first quarter. Commonwealth Equity Services LLC now owns 40,962 shares of the company’s stock worth $884,000 after purchasing an additional 6,005 shares in the last quarter. Finally, 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 period.

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.