Janney Montgomery Scott LLC Acquires 42,204 Shares of Fidelity Preferred Securities & Income ETF $FPFD

Janney Montgomery Scott LLC lifted its stake in Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 95.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,273 shares of the company’s stock after purchasing an additional 42,204 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity Preferred Securities & Income ETF were worth $1,852,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ransom Advisory Ltd purchased a new position in Fidelity Preferred Securities & Income ETF during the fourth quarter valued at $38,000. Advisory Services Network LLC purchased a new stake in Fidelity Preferred Securities & Income ETF in the third quarter worth about $63,000. Kestra Advisory Services LLC purchased a new stake in Fidelity Preferred Securities & Income ETF in the fourth quarter worth about $65,000. Sound Income Strategies LLC increased its position in Fidelity Preferred Securities & Income ETF by 35.3% in the fourth quarter. Sound Income Strategies LLC now owns 3,163 shares of the company’s stock worth $70,000 after buying an additional 826 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of Fidelity Preferred Securities & Income ETF in the fourth quarter worth about $137,000.

Fidelity Preferred Securities & Income ETF Stock Up 0.1%

FPFD stock opened at $21.43 on Friday. Fidelity Preferred Securities & Income ETF has a twelve month low of $21.38 and a twelve month high of $22.34. The business’s 50-day moving average price is $21.57 and its 200-day moving average price is $21.77.

About Fidelity Preferred Securities & Income ETF

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.