Fidelity Preferred Securities & Income ETF (BATS:FPFD) Share Price Passes Above 200 Day Moving Average – What’s Next?

Fidelity Preferred Securities & Income ETF (BATS:FPFD)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.85 and traded as high as $22.00. Fidelity Preferred Securities & Income ETF shares last traded at $21.97, with a volume of 12,859 shares traded.

Fidelity Preferred Securities & Income ETF Price Performance

The business’s 50-day simple moving average is $22.19 and its 200-day simple moving average is $21.85.

Institutional Investors Weigh In On Fidelity Preferred Securities & Income ETF

Large investors have recently made changes to their positions in the business. Prairie Wealth Advisors Inc. boosted its stake in shares of Fidelity Preferred Securities & Income ETF by 24.0% during the 2nd quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock valued at $262,000 after purchasing an additional 2,350 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Fidelity Preferred Securities & Income ETF by 22.4% in the second quarter. Commonwealth Equity Services LLC now owns 50,122 shares of the company’s stock worth $1,076,000 after buying an additional 9,160 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Fidelity Preferred Securities & Income ETF in the third quarter worth about $1,125,000. Finally, New Millennium Group LLC bought a new stake in Fidelity Preferred Securities & Income ETF during the 3rd quarter valued at approximately $2,675,000.

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.