Fidelity Preferred Securities & Income ETF (BATS:FPFD) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Fidelity Preferred Securities & Income ETF (BATS:FPFD) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 Trading Down 0.3 %

The business has a 50-day simple moving average of $22.19 and a two-hundred day simple moving average of $21.85.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FPFD. Prairie Wealth Advisors Inc. boosted its holdings in Fidelity Preferred Securities & Income ETF by 24.0% in 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 during the period. Commonwealth Equity Services LLC boosted its stake in Fidelity Preferred Securities & Income ETF by 22.4% during the second quarter. Commonwealth Equity Services LLC now owns 50,122 shares of the company’s stock valued at $1,076,000 after buying an additional 9,160 shares during the period. Sunbelt Securities Inc. bought a new stake in Fidelity Preferred Securities & Income ETF during the third quarter valued at $1,125,000. Finally, New Millennium Group LLC purchased a new position in Fidelity Preferred Securities & Income ETF during the third quarter worth about $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.