Seeking AlphaT3·30mo ago
FPFD Fidelity Preferred Securities & Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FPFD
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Key stats
About
Fidelity Preferred Securities & Income ETF (FPFD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-06-15
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.59% prospectus, filed Dec 29, 2025
- Assets
- $76M shares × price, Oct 9, 2026
- Trailing yield
- 5.63% paid monthly
- Average daily volume
- $364K 30 sessions
- Holdings
- 333 top 10 are 19.5%
- Listed
- Jun 15, 2021 Cboe BZX
- Last fee change
- -1 bp filed Dec 29, 2025
Cost15
Liquidity19
Scale33
Diversification100
Moves with. US large-cap stocks (20% of its variance, beta 0.09); Long Treasuries (11% of its variance, beta 0.11); Small caps over large (4% of its variance, beta 0.04); Bitcoin (3% of its variance, beta 0.01). These factors explain 42% of its daily moves over the last year.
Stated objective. Fidelity Preferred Securities & Income ETF seeks high total return through a combination of current income and capital appreciation. (from the fund's prospectus)
All 333 holdingsFlow historySimilar fundsOverlap toolAll Preferred Stock ETFs
Fund flows
through May 2026SEC filings- May 2026
- $0 latest reported month
- Latest 3 months
- +$2.2M +2.6% of assets
- Latest 12 months
- +$26M +31.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | $0 |
| Apr 2026 | +$1.1M |
| Mar 2026 | +$1.1M |
| Feb 2026 | +$2.2M |
| Jan 2026 | +$3.3M |
| Dec 2025 | +$2.2M |
| Nov 2025 | +$2.2M |
| Oct 2025 | +$2.2M |
| Sep 2025 | +$5.5M |
| Aug 2025 | +$2.2M |
| Jul 2025 | +$1.1M |
| Jun 2025 | +$3.2M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 60 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PFLDAAM Low Duration Preferred and Income Securities ETF | 22% | 0.45% | $379M | −2.7% | compare |
| PSKState Street SPDR ICE Preferred Securities ETF | 19% | 0.45% | $632M | −14.8% | compare |
| EPRFInnovator S&P Investment Grade Preferred ETF | 8% | 0.47% | $64M | −13.9% | compare |
| PFFAVirtus InfraCap U.S. Preferred Stock ETF | 5% | 2.11% | $2.3B | −10.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 1% net selling
- Reporting earnings
- 0.4% of weight in 7 days; 0.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.02%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | TBBAT and T INC | 0.88% | 1.63% | +100.9% |
| Increase | CITIGROUP INC | 0.25% | 0.98% | +305.0% |
| Exit | WELLS FARGO and CO | 0.68% | — | — |
| New position | WELLS FARGO and CO | — | 0.50% | — |
| New position | JPMORGAN CHASE and CO | — | 0.49% | — |
| Increase | TPCAT and T INC | 0.57% | 1.02% | +92.3% |
| Exit | EDISON INTERNATIONAL | 0.26% | — | — |
| Increase | BACPMBANK OF AMERICA CORPORATION | 0.22% | 0.46% | +118.1% |
| Increase | CPRCITIGROUP INC | 0.48% | 0.72% | +52.9% |
| Increase | WFCPZWELLS FARGO and CO | 0.50% | 0.71% | +52.1% |
2 new, 3 exited, 9 increased and 0 decreased between the fund's two latest holdings reports; turnover 6.0%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 4 active of 24 with agreements; top 3 did 92%
- Created · redeemed
- $25M · $3.3M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-08-31
Holdings
328
AUM
$81.5M
Provider
Nport
Inception
2021-06-15
Exchange
BATS
Data As Of
2026-08-31
Expense Ratio
0.59%
Dividend Yield
5.63%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-10-01 | $0.1160 | CD |
| 2026-08-28 | 2026-09-01 | $0.0850 | CD |
| 2026-07-30 | 2026-08-03 | $0.0820 | CD |
| 2026-06-29 | 2026-07-01 | $0.1240 | CD |
| 2026-05-28 | 2026-06-01 | $0.0750 | CD |
| 2026-04-29 | 2026-05-01 | $0.1140 | CD |
Asset Allocation
Top Holdings
top 50 of 328 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Fidelity Revere Street Trust | 5.81% | Short-term investment | US |
| — | ENERGY TRANSFER LP | 4.47% | Equity (preferred) | US |
| — | BANK NEW YORK MELLON CORP | 3.94% | Equity (preferred) | US |
| — | ENBRIDGE INC | 2.21% | Debt | CA |
| SOJE | SOUTHERN COMPANY | 1.48% | Equity (preferred) | US |
| — | GOLDMAN SACHS GROUP INC (THE) | 1.34% | Equity (preferred) | US |
| MSPP | MORGAN STANLEY | 1.26% | Equity (preferred) | US |
| JFAIF | JPMORGAN CHASE and CO | 1.23% | Equity (preferred) | US |
| — | T-MOBILE USA INC | 1.22% | Equity (preferred) | US |
| — | BNP PARIBAS | 1.18% | Equity (preferred) | FR |
| — | PNC FINANCIAL SERVICES GRP INC | 1.14% | Equity (preferred) | US |
| TMUSI | T-MOBILE USA INC | 1.06% | Equity (preferred) | US |
| — | US BANCORP DEL | 0.98% | Equity (preferred) | US |
| STRF | STRATEGY INC | 0.97% | Equity (preferred) | US |
| — | SCHWAB CHARLES CORP | 0.96% | Equity (preferred) | US |
| — | SUNOCO LP | 0.95% | Equity (preferred) | US |
| MSPK | MORGAN STANLEY | 0.93% | Equity (preferred) | US |
| — | CITIGROUP INC | 0.92% | Equity (preferred) | US |
| TBB | AT and T INC | 0.88% | Equity (preferred) | US |
| — | GOLDMAN SACHS GROUP INC (THE) | 0.87% | Equity (preferred) | US |
| — | SEMPRA | 0.85% | Debt | US |
| DTK | DTE ENERGY CO | 0.80% | Equity (preferred) | US |
| — | ALLY FINANCIAL INC | 0.79% | Equity (preferred) | US |
| — | VENTURE GLOBAL LNG INC | 0.79% | Equity (preferred) | US |
| JPMPD | JPMORGAN CHASE and CO | 0.75% | Equity (preferred) | US |
| — | BANK OF AMERICA CORPORATION | 0.73% | Equity (preferred) | US |
| — | CITIGROUP INC | 0.70% | Equity (preferred) | US |
| TMUSL | T-MOBILE USA INC | 0.69% | Equity (preferred) | US |
| — | CAPITAL ONE FINANCIAL CORP | 0.68% | Equity (preferred) | US |
| — | WELLS FARGO and CO | 0.68% | Equity (preferred) | US |
| — | SOUTHERN COMPANY | 0.64% | Equity (preferred) | US |
| — | BP CAPITAL MARKETS PLC | 0.64% | Equity (preferred) | GB |
| — | DOMINION ENERGY INC | 0.63% | Debt | US |
| DUKB | DUKE ENERGY CORP NEW | 0.63% | Equity (preferred) | US |
| — | ROGERS COMMUNICATIONS INC | 0.62% | Debt | CA |
| — | GOLDMAN SACHS GROUP INC (THE) | 0.60% | Equity (preferred) | US |
| WFCPY | WELLS FARGO and CO | 0.59% | Equity (preferred) | US |
| — | VISTRA CORP | 0.58% | Equity (preferred) | US |
| TPC | AT and T INC | 0.57% | Equity (preferred) | US |
| JPMPK | JPMORGAN CHASE and CO | 0.55% | Equity (preferred) | US |
| — | CVS HEALTH CORP | 0.54% | Debt | US |
| — | BANK OF AMERICA CORPORATION | 0.54% | Equity (preferred) | US |
| — | MORGAN STANLEY | 0.53% | Equity (preferred) | US |
| — | NIPPON LIFE INS CO | 0.52% | Debt | JP |
| — | VODAFONE GRP PLC | 0.52% | Debt | GB |
| WFCPZ | WELLS FARGO and CO | 0.50% | Equity (preferred) | US |
| — | TRUIST FINANCIAL CORP | 0.50% | Equity (preferred) | US |
| — | SOUTHERN COMPANY | 0.48% | Debt | US |
| CPR | CITIGROUP INC | 0.48% | Equity (preferred) | US |
| XELLL | XCEL ENERGY INC | 0.48% | Equity (preferred) | US |
Geographic Breakdown
Non-Equity Breakdown
Fidelity Preferred Securities and Income ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-24)
Net assets:
$83M
· 333 total positions
· equity 74.63%
· non-equity 24.64%
Non-equity holdings
— 83 positions,
24.64% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 21.34% | $17.7M | 81 |
| Short-term investment | 3.32% | $2.8M | 1 |
| Derivative (interest rate) | -0.02% | $-16137 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -3.81% | 7.95% | 2.26% | -0.23% | 0.32% | 1.30% |
| Feb | -- | -4.54% | -2.41% | -0.21% | 0.76% | 0.14% | -1.25% |
| Mar | -- | -1.83% | -3.96% | 1.45% | -1.38% | -2.39% | -1.62% |
| Apr | -- | -6.36% | 0.67% | -1.82% | -1.74% | 1.05% | -1.64% |
| May | -- | 0.59% | -1.49% | 1.88% | 1.05% | -0.64% | 0.28% |
| Jun | 0.49% | -5.29% | 0.10% | -0.00% | 1.11% | -0.67% | -0.71% |
| Jul | 0.28% | 4.87% | 1.15% | 0.79% | 0.42% | -0.84% | 1.11% |
| Aug | 0.24% | -2.64% | -0.52% | 1.11% | 0.74% | -0.56% | -0.27% |
| Sep | -0.43% | -3.55% | -1.17% | 1.66% | 1.22% | -2.80% | -0.84% |
| Oct | -0.51% | -1.99% | -2.31% | -1.96% | -0.68% | -0.29%* | -1.29% |
| Nov | -1.86% | 2.83% | 4.50% | 0.48% | -0.50% | -- | 1.09% |
| Dec | 1.17% | -1.91% | 2.26% | -1.86% | -0.30% | -- | -0.13% |
| Total | -0.65% | -21.71% | 4.27% | 3.72% | 0.42% | -6.54% | -3.42% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $20.73
SMA 50: $21.01
SMA 200: $21.55
Current: $20.48
EMA 12: $20.59
EMA 26: $20.76
MACD: -0.1692 | Signal: -0.0141
BEARISH
ADX (14): 43.15
STRONG TREND
+DI: 15.08
−DI: 45.26
Momentum Oscillators
RSI (14): 24.79
OVERSOLD
Stoch %K: 16.86
Stoch %D: 18.04
Williams %R: -81.68
Volume & Volatility
BB Upper: $21.17
BB Lower: $20.29
NEUTRAL
OBV: -558,646
Vol SMA 20: 17,257
Vol ROC: 34.28%
ATR: $0.08
True Range: $0.05
HV 20: 4.9%
HV 30: 4.4%
HV 60: 3.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report: FPFD
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Low volatility, positive correlation with market, and stable technical indicators.
Primary Risks: Unchanged earnings expectations, potential divergence from sector performance, and no significant catalysts in the near-term.
Investment Thesis: FPFD's low volatility and correlated movement with the market make it a relatively stable investment opportunity. However, without any significant catalysts or changes to its earnings outlook, the stock may not exhibit substantial price movements.
Recent News Sentiment Impact: The recent news headline about floating-rate preferreds has no notable impact on the sentiment analysis, as the theme is neutral and does not directly relate to FPFD's performance.
Technical Analysis
Trend Direction: Medium-term (1-3 months): NEUTRAL
Support/Resistance Levels:
- Short-term support: $21.07 (lower Bollinger Band)
- Intermediate support: $20.90
- Resistance: $21.33 (upper Bollinger Band)
Momentum Signals:
- RSI interpretation: Neutral (39.35 < 70, >30)
- MACD signal: Bearish (-0.05 / -0.01 / -0.04)
- Bollinger Bands position: Neutral
News & Sentiment Analysis
Recent Headlines Summary: No significant news headlines affecting FPFD's performance.
Sentiment Assessment: NEUTRAL (based on the recent headline)
Catalyst Identification: None in the near-term.
Market Narrative: The market is currently trending up, and FPFD is following this trend. However, without any significant catalysts or changes to its earnings outlook, the stock may not exhibit substantial price movements.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta: 0.15 vs SPY)
Volatility Regime: Low volatility (stock moves less than market)
Options Market Signals: No options data available
Downside Protection: Short-term support at $21.07, with potential for a rebound if the stock breaks above the lower Bollinger Band.
Market Context & Positioning
Sector Performance: FPFD is performing relatively well compared to its sector.
Institutional Activity: No significant institutional activity detected.
Correlation Analysis: FPFD has a positive correlation (0.60) with the market, suggesting it follows market trends.
Relative Valuation: FPFD is positioned within its trading range, with no clear signs of overbought or oversold conditions.
Key Levels & Action Items
Critical Price Levels:
- Support: $21.07 (lower Bollinger Band)
- Resistance: $21.33 (upper Bollinger Band)
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: No significant earnings dates or product launches announced.
Risk Management: Set stop-loss levels at $20.90, with a position sizing consideration of 2-3% of the portfolio.
Generated
News
All FPFD news →
FPFD Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1524
Alpha: -9.85%
Correlation: 0.5738
R-Squared: 32.9%
Stock Volatility: 3.5%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
FPFD Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|