Brookstone Capital Management Invests $281,000 in Fidelity Preferred Securities & Income ETF (BATS:FPFD)

Brookstone Capital Management bought a new position in shares of Fidelity Preferred Securities & Income ETF (BATS:FPFDFree Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 13,044 shares of the company’s stock, valued at approximately $281,000.

Separately, Principal Securities Inc. acquired a new stake in shares of Fidelity Preferred Securities & Income ETF during the 4th quarter worth about $87,000.

Fidelity Preferred Securities & Income ETF Stock Up 0.1 %

BATS FPFD opened at $21.46 on Wednesday. The business’s 50-day moving average is $21.41 and its 200-day moving average is $21.26.

Fidelity Preferred Securities & Income ETF Profile

(Free Report)

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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Want to see what other hedge funds are holding FPFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Preferred Securities & Income ETF (BATS:FPFDFree Report).

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