Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Down 0.9% – What’s Next?

Fidelity Stocks For Inflation ETF (BATS:FCPIGet Free Report)’s stock price traded down 0.9% during mid-day trading on Monday . The company traded as low as $43.70 and last traded at $43.93. 20,403 shares were traded during mid-day trading, The stock had previously closed at $44.32.

Fidelity Stocks For Inflation ETF Price Performance

The company has a 50 day simple moving average of $44.93 and a 200-day simple moving average of $43.11. The stock has a market capitalization of $173.52 million, a P/E ratio of 13.26 and a beta of 0.84.

Institutional Trading of Fidelity Stocks For Inflation ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in Fidelity Stocks For Inflation ETF by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 8,273 shares of the company’s stock worth $358,000 after buying an additional 552 shares during the period. FMR LLC lifted its position in shares of Fidelity Stocks For Inflation ETF by 18.1% during the third quarter. FMR LLC now owns 15,389 shares of the company’s stock worth $666,000 after acquiring an additional 2,353 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fidelity Stocks For Inflation ETF by 4.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 93,479 shares of the company’s stock worth $4,049,000 after acquiring an additional 3,876 shares during the period. Finally, Schrum Private Wealth Management LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the third quarter valued at $293,000.

About Fidelity Stocks For Inflation ETF

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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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