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

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

Fidelity Preferred Securities & Income ETF Stock Performance

The firm’s fifty day simple moving average is $21.32 and its 200 day simple moving average is $20.73.

Institutional Trading of Fidelity Preferred Securities & Income ETF

Several hedge funds have recently bought and sold shares of FPFD. Brookstone Capital Management bought a new position in shares of Fidelity Preferred Securities & Income ETF in the first quarter valued at $281,000. Principal Securities Inc. bought a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $87,000. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter valued at $208,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of 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 valued at $669,000 after buying an additional 5,636 shares in 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.