Fidelity Preferred Securities & Income ETF

FPFD

Market cap $84M

Fidelity Investments is one of the largest asset managers in the world with a full menu of investment vehicles.

Retirees are liking exchange-traded funds (ETFs) that offer dividends, but many of them pay out quarterly.

Market volatility is many investors' bane. Adding current income could really help bolster portfolios dealing with a volatile market.

Have clients nearing retirement? Nearing retirement yourself?

Income generating ETFs remain popular given the market uncertainty and volatility of the last two years. While income investors do not lack choices, preferred securities are a type of “hybrid” investment that shares characteristics of both stocks and bonds.

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.

We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on the back of the Fed's more dovish than expected stance. We take a look at how stocks with different spreads over SOFR could react to Fed's cuts.

We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury yields, but most preferred CEF sectors remain positive for the month. Albemarle issued a new preferred stock with a mandatory convertible feature, offering upside participation with less downside than the common and a higher coupon.

We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driven by a drop in Treasury yields and compression in credit spreads. Different preferreds sectors have different drawdown profiles, offering investors an opportunity to tilt to more resilient securities in anticipation of the next drawdown.

PFFA is a well-diversified and consistently top-performing preferred stock ETF, enabled by management's bold allocation strategy.