Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Down 0.3% – Here’s Why

Fidelity Stocks For Inflation ETF (BATS:FCPIGet Free Report) shares fell 0.3% during mid-day trading on Thursday . The company traded as low as $56.94 and last traded at $56.94. Approximately 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’s 50-day moving average price is $54.90 and its 200 day moving average price is $52.90. The firm has a market capitalization of $277.76 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Stocks For Inflation ETF by 93,516.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,366 shares of the company’s stock worth $88,983,000 after acquiring an additional 1,796,445 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF in the first quarter valued at $1,747,000. Jane Street Group LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the fourth quarter valued at $798,000. Susquehanna International Group LLP acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the third quarter valued at $426,000. Finally, Compound Planning Inc. increased its position in Fidelity Stocks For Inflation ETF by 3.3% during the 4th quarter. Compound Planning Inc. now owns 6,868 shares of the company’s stock worth $340,000 after purchasing an additional 217 shares in the last quarter.

Fidelity Stocks For Inflation ETF Company Profile

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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.

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