Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Up 2.5% – Here’s What Happened

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s share price was up 2.5% during mid-day trading on Tuesday . The company traded as high as $49.16 and last traded at $49.16. Approximately 10,450 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 18,268 shares. The stock had previously closed at $47.95.

Fidelity Stocks For Inflation ETF Stock Performance

The company has a market capitalization of $241.14 million, a PE ratio of 18.17 and a beta of 0.91. The company’s 50-day moving average is $50.50 and its 200 day moving average is $50.16.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Fidelity Stocks For Inflation ETF in the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fidelity Stocks For Inflation ETF in the 2nd quarter worth $41,000. Archer Investment Corp bought a new stake in shares of Fidelity Stocks For Inflation ETF in the 3rd quarter worth $41,000. CWM LLC raised its stake in shares of Fidelity Stocks For Inflation ETF by 161.6% in the third quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $53,000 after purchasing an additional 653 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter worth $154,000.

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.