Janney Montgomery Scott LLC Has $1.85 Million Position in Fidelity Preferred Securities & Income ETF $FPFD

Janney Montgomery Scott LLC lifted its position in shares of Fidelity Preferred Securities & Income ETF (BATS:FPFD) by 95.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,273 shares of the company’s stock after purchasing an additional 42,204 shares during the quarter. Janney Montgomery Scott LLC owned 3.14% of Fidelity Preferred Securities & Income ETF worth $1,852,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ransom Advisory Ltd acquired a new stake in Fidelity Preferred Securities & Income ETF in the 4th quarter valued at $38,000. Advisory Services Network LLC acquired a new position in Fidelity Preferred Securities & Income ETF during the third quarter worth $63,000. Kestra Advisory Services LLC acquired a new position in Fidelity Preferred Securities & Income ETF during the fourth quarter worth $65,000. Sound Income Strategies LLC lifted its stake in shares of 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 valued at $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 valued at $137,000.

Fidelity Preferred Securities & Income ETF Stock Up 0.1%

Shares of FPFD opened at $21.43 on Friday. Fidelity Preferred Securities & Income ETF has a 1 year low of $21.38 and a 1 year high of $22.34. The stock has a 50 day simple moving average of $21.57 and a two-hundred day simple moving average of $21.77.

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.