Fidelity Stocks For Inflation ETF (BATS:FCPI) Stock Price Up 0.6% – What’s Next?

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s stock price was up 0.6% during trading on Thursday . The company traded as high as $50.5196 and last traded at $50.32. Approximately 5,494 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 21,591 shares. The stock had previously closed at $50.04.

Fidelity Stocks For Inflation ETF Trading Up 0.4%

The firm has a market capitalization of $243.73 million, a PE ratio of 18.17 and a beta of 0.91. The business has a fifty day moving average price of $50.09 and a two-hundred day moving average price of $49.07.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity Stocks For Inflation ETF by 9.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,673 shares of the company’s stock valued at $5,950,000 after acquiring an additional 10,353 shares during the period. Susquehanna International Group LLP acquired a new stake in Fidelity Stocks For Inflation ETF in the 3rd quarter valued at approximately $426,000. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Stocks For Inflation ETF by 117.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,921 shares of the company’s stock valued at $96,000 after purchasing an additional 1,039 shares during the last quarter. National Bank of Canada FI purchased a new stake in Fidelity Stocks For Inflation ETF in the third quarter valued at approximately $178,000. Finally, Raymond James Financial Inc. raised its position in Fidelity Stocks For Inflation ETF by 12.1% in the third quarter. Raymond James Financial Inc. now owns 34,083 shares of the company’s stock valued at $1,708,000 after purchasing an additional 3,679 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.