Fidelity Preferred Securities & Income ETF (BATS:FPFD) Trading 0.2% Higher – Should You Buy?

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

Fidelity Preferred Securities & Income ETF Trading Up 0.0 %

The firm’s 50 day moving average is $22.16 and its 200 day moving average is $21.69.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management bought a new stake in Fidelity Preferred Securities & Income ETF in the 1st quarter valued at about $281,000. Commonwealth Equity Services LLC raised its position in shares of Fidelity Preferred Securities & Income ETF by 17.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 40,962 shares of the company’s stock valued at $884,000 after buying an additional 6,005 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. lifted its stake in Fidelity Preferred Securities & Income ETF by 24.0% during the second quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock worth $262,000 after purchasing an additional 2,350 shares during the last quarter.

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.