(FPFD) Fidelity Preferred - Ratings and Ratios

The Fidelity Preferred Securities & Income ETF (FPFD) is designed to provide exposure to preferred securities and other income-generating assets, with a minimum of 80% of its assets allocated to such securities. The fund diversifies its portfolio by investing in various types of preferred securities, including contingent convertible securities and corporate hybrid securities, which combine features of both debt and equity instruments. FPFD primarily targets securities with investment-grade ratings, specifically those rated BB by S&P, Ba by Moodys, or equivalently rated by other recognized credit agencies. Unrated securities are also considered if FMR, the funds manager, deems them to be of comparable quality. As a non-diversified fund, FPFD may concentrate its holdings in a smaller number of securities, which can lead to higher risk but also potentially higher returns.

Ticker Symbol: FPFD | Exchange: BATS | Type: ETF | Country Origin: USA | ETF Category: Preferred Stock

Based on the provided and , the funds short-term outlook appears stable. The SMA 20 of 21.65 and SMA 50 of 21.51 suggest a slight upward trend, while the SMA 200 of 21.36 indicates long-term stability. The ATR of 0.08 reflects low volatility, suggesting minimal price fluctuations. With an AUM of $54.16M, the fund operates with moderate scale, which may impact liquidity and spreads.

3-Month Forecast: FPFD is expected to maintain its current price range, with potential for slight appreciation driven by its focus on higher-rated preferred securities. The funds low volatility and stable moving averages suggest a defensive positioning, making it suitable for income-focused investors. However, the moderate AUM and limited trading volume may result in occasional liquidity challenges.