IFP Advisors Inc increased its stake in Fidelity Preferred Securities & Income ETF (BATS:FPFD – Free Report) by 24.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,187 shares of the company’s stock after acquiring an additional 1,201 shares during the period. IFP Advisors Inc owned approximately 0.22% of Fidelity Preferred Securities & Income ETF worth $133,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Fidelity Preferred Securities & Income ETF by 117.4% in the 1st quarter. Royal Bank of Canada now owns 15,954 shares of the company’s stock worth $342,000 after acquiring an additional 8,616 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Fidelity Preferred Securities & Income ETF by 43.7% during the first quarter. Janney Montgomery Scott LLC now owns 27,310 shares of the company’s stock valued at $586,000 after purchasing an additional 8,310 shares during the period. Finally, New Millennium Group LLC increased its holdings in Fidelity Preferred Securities & Income ETF by 7.4% in the first quarter. New Millennium Group LLC now owns 149,547 shares of the company’s stock valued at $3,209,000 after buying an additional 10,367 shares in the last quarter.
Fidelity Preferred Securities & Income ETF Price Performance
FPFD stock opened at $22.05 on Friday. Fidelity Preferred Securities & Income ETF has a 52 week low of $20.61 and a 52 week high of $22.49. The firm has a 50-day simple moving average of $22.04 and a 200-day simple moving average of $21.59.
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.
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