Fidelity Preferred Securities & Income ETF (BATS:FPFD) Shares Up 0.2% – Here’s Why

Fidelity Preferred Securities & Income ETF (BATS:FPFD)’s stock price traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $22.41 and last traded at $22.40. 13,432 shares traded hands during mid-day trading, The stock had previously closed at $22.36.

Fidelity Preferred Securities & Income ETF Price Performance

The company has a 50-day moving average price of $22.13 and a 200 day moving average price of $21.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Prairie Wealth Advisors Inc. boosted its stake in Fidelity Preferred Securities & Income ETF by 24.0% in the second quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock valued at $262,000 after acquiring an additional 2,350 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Fidelity Preferred Securities & Income ETF during the 1st quarter valued at $281,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity Preferred Securities & Income ETF by 17.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 40,962 shares of the company’s stock worth $884,000 after purchasing an additional 6,005 shares in the last quarter.

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.