Fidelity Stocks For Inflation ETF (BATS:FCPI) Stock Price Down 0.3% – Should You Sell?

Fidelity Stocks For Inflation ETF (BATS:FCPI) fell 0.3% during trading on Tuesday . The company traded as low as $54.04 and last traded at $54.22. Approximately 7,181 shares were traded during trading, a decline of 56% from the average daily volume of 16,486 shares. The stock had previously closed at $54.40.

Fidelity Stocks For Inflation ETF Trading Up 0.7%

The company has a fifty day moving average price of $53.93 and a two-hundred day moving average price of $51.80. The firm has a market cap of $263.89 million, a P/E ratio of 18.17 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FCPI. Elyxium Wealth LLC bought a new stake in shares of Fidelity Stocks For Inflation ETF during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its position in Fidelity Stocks For Inflation ETF by 166.8% in the 1st quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock valued at $31,000 after acquiring an additional 392 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Fidelity Stocks For Inflation ETF in the 2nd quarter worth $41,000. Kestra Advisory Services LLC acquired a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth $154,000. Finally, National Bank of Canada FI bought a new position in Fidelity Stocks For Inflation ETF during the 3rd quarter worth about $178,000.

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.