Shares of Fidelity Stocks For Inflation ETF (BATS:FCPI – Get Free Report) shot up 0% during mid-day trading on Wednesday. The stock traded as high as $56.38 and last traded at $56.29. 12,669 shares changed hands during trading, a decline of 29% from the average session volume of 17,923 shares. The stock had previously closed at $56.27.
Fidelity Stocks For Inflation ETF Price Performance
The stock has a 50-day simple moving average of $56.63 and a 200 day simple moving average of $53.67. The company has a market capitalization of $270.63 million, a PE ratio of 18.17 and a beta of 0.91.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake 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 during the last quarter. Continuum Advisory LLC acquired a new position in Fidelity Stocks For Inflation ETF during the second quarter worth about $35,000. Allworth Financial LP raised its position in Fidelity Stocks For Inflation ETF by 7,036.0% during the second quarter. Allworth Financial LP now owns 1,784 shares of the company’s stock worth $97,000 after acquiring an additional 1,759 shares during the last quarter. Williams & Novak LLC acquired a new position in Fidelity Stocks For Inflation ETF during the second quarter worth about $219,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Stocks For Inflation ETF by 67.6% in the first quarter. Kestra Advisory Services LLC now owns 5,225 shares of the company’s stock valued at $257,000 after purchasing an additional 2,107 shares in the last quarter.
About Fidelity Stocks For Inflation ETF
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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