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

Fidelity Preferred Securities & Income ETF (BATS:FPFD)’s stock price 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 changed hands during trading, The stock had previously closed at $21.19.

Fidelity Preferred Securities & Income ETF Price Performance

The company has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $20.74.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FPFD. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Preferred Securities & Income ETF by 20.1% in the 3rd 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. Brookstone Capital Management bought a new position in Fidelity Preferred Securities & Income ETF in the first quarter valued at $281,000. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Fidelity Preferred Securities & Income ETF during the fourth quarter valued at about $208,000. Finally, Principal Securities Inc. bought a new stake in Fidelity Preferred Securities & Income ETF during the fourth quarter worth about $87,000.

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.