Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Up 1.1% – Here’s Why

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s stock price was up 1.1% during trading on Monday . The company traded as high as $50.60 and last traded at $50.60. Approximately 39,460 shares traded hands during trading, an increase of 92% from the average daily volume of 20,532 shares. The stock had previously closed at $50.04.

Fidelity Stocks For Inflation ETF Stock Up 1.1%

The business has a 50-day moving average price of $50.75 and a 200-day moving average price of $50.08. The firm has a market capitalization of $245.41 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Compound Planning Inc. raised its stake in Fidelity Stocks For Inflation ETF by 3.3% in the fourth quarter. Compound Planning Inc. now owns 6,868 shares of the company’s stock valued at $340,000 after buying an additional 217 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity Stocks For Inflation ETF by 4.9% during the fourth quarter. Cetera Investment Advisers now owns 11,014 shares of the company’s stock worth $545,000 after acquiring an additional 519 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF during the fourth quarter valued at about $26,000. CWM LLC increased its holdings in shares of Fidelity Stocks For Inflation ETF by 161.6% during the third quarter. CWM LLC now owns 1,057 shares of the company’s stock valued at $53,000 after acquiring an additional 653 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Fidelity Stocks For Inflation ETF in the 3rd quarter valued at approximately $41,000.

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.