Fidelity Launches New Preferred Securities ETF, ‘FPFD’
June 17, 2021 at 09:58 AM EDT
On Thursday, June 17, Fidelity Investments launched a new active bond ETF, the Fidelity Preferred Securities & Income ETF (FPFD). FPFD is the first preferred securities product from Fidelity. Preferred securities are hybrid securities that share characteristics of both stocks and bonds. They...