Fidelity Stocks For Inflation ETF (BATS:FCPI) Stock Price Up 2.5% – Here’s What Happened

Shares of Fidelity Stocks For Inflation ETF (BATS:FCPI) were up 2.5% on Tuesday . The company traded as high as $49.16 and last traded at $49.16. Approximately 10,450 shares changed 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 Stock Performance

The stock has a market cap of $238.43 million, a PE ratio of 18.17 and a beta of 0.91. The firm has a fifty day moving average price of $50.51 and a 200 day moving average price of $50.17.

Institutional Trading of Fidelity Stocks For Inflation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCPI. Elyxium Wealth LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Fidelity Stocks For Inflation ETF in the second quarter valued at $41,000. Archer Investment Corp purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 3rd quarter worth $41,000. CWM LLC boosted its stake in Fidelity Stocks For Inflation ETF by 161.6% during the third quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $53,000 after buying an additional 653 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF in the 4th quarter worth approximately $154,000.

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.