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

Fidelity Stocks For Inflation ETF (BATS:FCPI) traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $54.04 and last traded at $54.22. Approximately 7,181 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 16,486 shares. The stock had previously closed at $54.40.

Fidelity Stocks For Inflation ETF Price Performance

The stock’s 50-day moving average price is $53.91 and its 200 day moving average price is $51.77. The firm has a market cap of $262.97 million, a P/E ratio of 18.17 and a beta of 0.91.

Institutional Trading of Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Stocks For Inflation ETF by 93,516.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,798,366 shares of the company’s stock valued at $88,983,000 after purchasing an additional 1,796,445 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF during the 1st quarter worth approximately $1,747,000. Bank of America Corp DE increased its position in shares of Fidelity Stocks For Inflation ETF by 205.3% during the 1st quarter. Bank of America Corp DE now owns 46,424 shares of the company’s stock worth $2,282,000 after purchasing an additional 31,218 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Fidelity Stocks For Inflation ETF by 99.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 41,000 shares of the company’s stock worth $2,029,000 after purchasing an additional 20,395 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity Stocks For Inflation ETF during the 4th quarter worth approximately $798,000.

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.