Janney Montgomery Scott LLC Has $670,000 Stock Position in Fidelity Preferred Securities & Income ETF $FPFD

Janney Montgomery Scott LLC boosted its holdings in Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,181 shares of the company’s stock after purchasing an additional 3,871 shares during the quarter. Janney Montgomery Scott LLC owned about 1.13% of Fidelity Preferred Securities & Income ETF worth $670,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FPFD. IFP Advisors Inc increased its holdings in shares of Fidelity Preferred Securities & Income ETF by 36.8% during the first quarter. IFP Advisors Inc now owns 4,986 shares of the company’s stock valued at $107,000 after acquiring an additional 1,340 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Fidelity Preferred Securities & Income ETF by 117.4% during the 1st quarter. Royal Bank of Canada now owns 15,954 shares of the company’s stock valued at $342,000 after buying an additional 8,616 shares during the last quarter. Finally, New Millennium Group LLC raised its stake in shares of Fidelity Preferred Securities & Income ETF by 7.4% during the 1st quarter. New Millennium Group LLC now owns 149,547 shares of the company’s stock valued at $3,209,000 after purchasing an additional 10,367 shares during the period.

Fidelity Preferred Securities & Income ETF Trading Up 1.5%

BATS:FPFD opened at $22.05 on Thursday. The business’s fifty day moving average is $22.02 and its 200 day moving average is $21.58. Fidelity Preferred Securities & Income ETF has a 52-week low of $20.61 and a 52-week high of $22.49.

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.