Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Down 0.9% – What’s Next?

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s stock price fell 0.9% on Monday . The stock traded as low as $43.70 and last traded at $43.93. 20,403 shares changed hands during trading, The stock had previously closed at $44.32.

Fidelity Stocks For Inflation ETF Trading Up 0.9 %

The stock has a market capitalization of $175.78 million, a PE ratio of 13.26 and a beta of 0.84. The stock’s fifty day simple moving average is $44.94 and its 200-day simple moving average is $43.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Fidelity Stocks For Inflation ETF by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 8,273 shares of the company’s stock valued at $358,000 after buying an additional 552 shares during the last quarter. FMR LLC increased its position in shares of Fidelity Stocks For Inflation ETF by 18.1% during the third quarter. FMR LLC now owns 15,389 shares of the company’s stock valued at $666,000 after acquiring an additional 2,353 shares during the last quarter. Schrum Private Wealth Management LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the third quarter valued at approximately $293,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Fidelity Stocks For Inflation ETF by 4.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 93,479 shares of the company’s stock worth $4,049,000 after acquiring an additional 3,876 shares during the period.

Fidelity Stocks For Inflation ETF Company Profile

The Fidelity Stocks for Inflation ETF (FCPI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of U.S. large- and mid-cap stocks based on multi-factor criteria with structural tilts towards inflation-sensitive sectors and industries FCPI was launched on Nov 5, 2019 and is managed by Fidelity.