Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading 2.5% Higher – Time to Buy?

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s stock price was up 2.5% on Tuesday . The company traded as high as $49.16 and last traded at $49.16. Approximately 10,450 shares traded hands during 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 Price Performance

The business’s 50 day simple moving average is $50.51 and its 200 day simple moving average is $50.17. The company has a market capitalization of $238.43 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in Fidelity Stocks For Inflation ETF by 94.6% during the 2nd quarter. Osaic Holdings Inc. now owns 92,413 shares of the company’s stock worth $4,314,000 after acquiring an additional 44,930 shares during the period. Atria Investments Inc increased its holdings in shares of Fidelity Stocks For Inflation ETF by 8.8% in the third quarter. Atria Investments Inc now owns 188,993 shares of the company’s stock valued at $9,469,000 after purchasing an additional 15,266 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fidelity Stocks For Inflation ETF in the second quarter valued at approximately $41,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the fourth quarter worth approximately $26,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity Stocks For Inflation ETF by 9.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,673 shares of the company’s stock worth $5,950,000 after purchasing an additional 10,353 shares during 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.