Fidelity Preferred Securities & Income ETF (BATS:FPFD) Trading Down 0.9%

Shares of Fidelity Preferred Securities & Income ETF (BATS:FPFD) traded down 0.9% during mid-day trading on Thursday . The stock traded as low as $21.00 and last traded at $21.00. 1,415 shares traded hands during mid-day trading, The stock had previously closed at $21.19.

Fidelity Preferred Securities & Income ETF Price Performance

The business has a 50-day moving average of $21.32 and a 200 day moving average of $20.74.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

Several institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its position in Fidelity Preferred Securities & Income ETF by 20.1% in the third quarter. Commonwealth Equity Services LLC now owns 33,659 shares of the company’s stock worth $669,000 after buying an additional 5,636 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in shares of Fidelity Preferred Securities & Income ETF during the 4th quarter worth about $208,000. Principal Securities Inc. purchased a new stake in Fidelity Preferred Securities & Income ETF in the 4th quarter worth about $87,000. Finally, Brookstone Capital Management bought a new position in shares of Fidelity Preferred Securities & Income ETF during the first quarter valued at approximately $281,000.

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.