Fidelity Preferred Securities & Income ETF (BATS:FPFD) Trading Up 0.4% – Time to Buy?

Fidelity Preferred Securities & Income ETF (BATS:FPFD) traded up 0.4% on Thursday . The stock traded as high as $22.04 and last traded at $22.04. 15,117 shares were traded during mid-day trading, The stock had previously closed at $21.95.

Fidelity Preferred Securities & Income ETF Price Performance

The company’s 50-day moving average is $22.21 and its two-hundred day moving average is $21.77.

Hedge Funds Weigh In On Fidelity Preferred Securities & Income ETF

An institutional investor recently raised its position in Fidelity Preferred Securities & Income ETF stock. Commonwealth Equity Services LLC grew its position in shares of Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 22.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,122 shares of the company’s stock after buying an additional 9,160 shares during the quarter. Commonwealth Equity Services LLC owned 2.95% of Fidelity Preferred Securities & Income ETF worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

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.