Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Down 0.1% – Should You Sell?

Shares of Fidelity Stocks For Inflation ETF (BATS:FCPI) dropped 0.1% during trading on Thursday . The company traded as low as $50.17 and last traded at $50.00. Approximately 5,494 shares traded hands during trading, a decline of 75% from the average daily volume of 21,591 shares. The stock had previously closed at $50.04.

Fidelity Stocks For Inflation ETF Stock Performance

The business’s fifty day moving average is $50.32 and its 200-day moving average is $49.43. The firm has a market cap of $242.50 million, a P/E ratio of 18.17 and a beta of 0.91.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in Fidelity Stocks For Inflation ETF in the 4th quarter valued at $26,000. Archer Investment Corp acquired a new position in shares of Fidelity Stocks For Inflation ETF during the third quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Fidelity Stocks For Inflation ETF in the 2nd quarter worth about $41,000. CWM LLC raised its holdings in shares of Fidelity Stocks For Inflation ETF by 161.6% in the 3rd quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $53,000 after acquiring an additional 653 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Fidelity Stocks For Inflation ETF during the 2nd quarter valued at about $126,000.

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.