Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Down 0.1% – Time to Sell?

Fidelity Stocks For Inflation ETF (BATS:FCPI)’s share price was down 0.1% during mid-day trading on Thursday . The company traded as low as $50.17 and last traded at $50.00. Approximately 5,494 shares traded hands during mid-day 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 Down 0.1%

The stock’s 50-day simple moving average is $50.32 and its two-hundred day simple moving average is $49.43. The company has a market capitalization of $242.50 million, a price-to-earnings ratio of 18.17 and a beta of 0.91.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Stocks For Inflation ETF by 93,516.1% in 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 period. Atria Investments Inc boosted its holdings in shares of Fidelity Stocks For Inflation ETF by 8.8% in the 3rd 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 last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Fidelity Stocks For Inflation ETF by 9.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,673 shares of the company’s stock valued at $5,950,000 after buying an additional 10,353 shares during the period. Osaic Holdings Inc. grew its stake in shares of 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 valued at $4,314,000 after buying an additional 44,930 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter worth $1,919,000.

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.