Commonwealth Equity Services LLC Grows Stock Position in Fidelity Preferred Securities & Income ETF (BATS:FPFD)

Commonwealth Equity Services LLC boosted its position in shares of Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,542 shares of the company’s stock after purchasing an additional 18,404 shares during the period. Commonwealth Equity Services LLC owned approximately 5.15% of Fidelity Preferred Securities & Income ETF worth $1,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPFD. Janney Montgomery Scott LLC grew its stake in shares of Fidelity Preferred Securities & Income ETF by 48.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $409,000 after acquiring an additional 6,182 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter valued at approximately $1,125,000. Finally, New Millennium Group LLC boosted its stake in shares of Fidelity Preferred Securities & Income ETF by 16.0% during the 4th quarter. New Millennium Group LLC now owns 139,180 shares of the company’s stock valued at $2,997,000 after buying an additional 19,230 shares during the last quarter.

Fidelity Preferred Securities & Income ETF Stock Performance

Shares of BATS:FPFD opened at $21.48 on Friday. Fidelity Preferred Securities & Income ETF has a 12-month low of $20.93 and a 12-month high of $22.49. The company has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $21.88.

Fidelity Preferred Securities & Income ETF 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.