Industry description
The investment seeks high total return through a combination of current income and capital appreciation.
The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Fidelity Preferred Securities & Inc ETF ETF was -0%. For the same ETF, the average monthly price growth was 1%, and the average quarterly price growth was 13%. RZC experienced the highest price growth at -1%, while ELC experienced the biggest fall at -3%.
Volume
The average weekly volume growth across all stocks in the Fidelity Preferred Securities & Inc ETF ETF was 119%. For the same stocks of the ETF, the average monthly volume growth was 26% and the average quarterly volume growth was 48%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 10
P/E Growth Rating: 100
Price Growth Rating: 48
SMR Rating: 100
Profit Risk Rating: 93
Seasonality Score: 8 (-100 ... +100)