Fidelity Preferred Securities & Income ETF (BATS:FPFD) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Fidelity Preferred Securities & Income ETF (BATS:FPFDGet Free Report) shares passed 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.

Fidelity Preferred Securities & Income ETF Trading Up 0.2 %

The stock has a fifty day simple moving average of $22.18 and a two-hundred day simple moving average of $21.86.

Institutional Trading of Fidelity Preferred Securities & Income ETF

A number of hedge funds have recently bought and sold shares of FPFD. New Millennium Group LLC purchased a new stake in shares of Fidelity Preferred Securities & Income ETF in the 3rd quarter valued at $2,675,000. Sunbelt Securities Inc. purchased a new stake in Fidelity Preferred Securities & Income ETF during the 3rd quarter valued at $1,125,000. Commonwealth Equity Services LLC increased its holdings in Fidelity Preferred Securities & Income ETF by 22.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 50,122 shares of the company’s stock valued at $1,076,000 after purchasing an additional 9,160 shares during the period. Finally, Prairie Wealth Advisors Inc. increased its stake in shares of Fidelity Preferred Securities & Income ETF by 24.0% during the second quarter. Prairie Wealth Advisors Inc. now owns 12,125 shares of the company’s stock valued at $262,000 after buying an additional 2,350 shares during the period.

About Fidelity Preferred Securities & Income ETF

(Get Free Report)

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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