Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Down 0.3% – What’s Next?

Fidelity Stocks For Inflation ETF (BATS:FCPI) fell 0.3% during trading on Thursday . The stock traded as low as $56.94 and last traded at $56.94. 6,655 shares traded hands during trading, a decline of 62% from the average session volume of 17,434 shares. The stock had previously closed at $57.13.

Fidelity Stocks For Inflation ETF Price Performance

The firm has a market capitalization of $276.16 million, a PE ratio of 18.17 and a beta of 0.91. The business’s 50 day moving average is $54.84 and its two-hundred day moving average is $52.87.

Institutional Trading of Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Stocks For Inflation ETF by 93,516.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,366 shares of the company’s stock valued at $88,983,000 after purchasing an additional 1,796,445 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Fidelity Stocks For Inflation ETF during the 1st quarter valued at about $1,747,000. Bank of America Corp DE raised its holdings in shares of Fidelity Stocks For Inflation ETF by 205.3% during the 1st quarter. Bank of America Corp DE now owns 46,424 shares of the company’s stock valued at $2,282,000 after buying an additional 31,218 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Fidelity Stocks For Inflation ETF by 99.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 41,000 shares of the company’s stock worth $2,029,000 after buying an additional 20,395 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Fidelity Stocks For Inflation ETF in the fourth quarter worth approximately $798,000.

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.