GUNN & Co INVESTMENT MANAGEMENT INC. Invests $208,000 in Fidelity Preferred Securities & Income ETF (BATS:FPFD)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Fidelity Preferred Securities & Income ETF (BATS:FPFD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $208,000.

Separately, Commonwealth Equity Services LLC increased its holdings in Fidelity Preferred Securities & Income ETF by 20.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 33,659 shares of the company’s stock worth $669,000 after purchasing an additional 5,636 shares during the last quarter.

Fidelity Preferred Securities & Income ETF Price Performance

Fidelity Preferred Securities & Income ETF stock opened at $21.32 on Monday. The firm’s 50 day simple moving average is $21.31 and its 200 day simple moving average is $20.82.

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.