Fidelity Preferred Securities & Income ETF (BATS:FPFD) Trading Down 0.1%

Fidelity Preferred Securities & Income ETF (BATS:FPFD) dropped 0.1% during trading on Tuesday . The company traded as low as $20.10 and last traded at $20.11. Approximately 1,156 shares were traded during trading, The stock had previously closed at $20.14.

Fidelity Preferred Securities & Income ETF Stock Performance

The business’s 50-day moving average price is $20.15 and its 200 day moving average price is $20.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Preferred Securities & Income ETF stock. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,211 shares of the company’s stock after purchasing an additional 3,267 shares during the period. Commonwealth Equity Services LLC’s holdings in Fidelity Preferred Securities & Income ETF were worth $301,000 as of its most recent SEC filing.

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.