Financial Advocates Investment Management Takes $1.36 Million Position in Fidelity Stocks For Inflation ETF $FCPI

Financial Advocates Investment Management bought a new stake in shares of Fidelity Stocks For Inflation ETF (BATS:FCPI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,139 shares of the company’s stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Fidelity Stocks For Inflation ETF during the 2nd quarter valued at $126,000. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of Fidelity Stocks For Inflation ETF by 250.2% in the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 5,095 shares of the company’s stock worth $221,000 after purchasing an additional 3,640 shares during the period. XML Financial LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF in the 2nd quarter worth about $232,000. Compound Planning Inc. boosted its stake in shares of Fidelity Stocks For Inflation ETF by 21.5% during the 1st quarter. Compound Planning Inc. now owns 6,119 shares of the company’s stock valued at $265,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Clarity Capital Partners LLC increased its position in shares of Fidelity Stocks For Inflation ETF by 7.2% during the second quarter. Clarity Capital Partners LLC now owns 6,256 shares of the company’s stock valued at $292,000 after buying an additional 421 shares during the period.

Fidelity Stocks For Inflation ETF Price Performance

FCPI stock opened at $49.82 on Wednesday. Fidelity Stocks For Inflation ETF has a 1 year low of $37.33 and a 1 year high of $47.37. The firm has a 50-day moving average of $49.83 and a 200 day moving average of $47.87. The company has a market cap of $241.61 million, a P/E ratio of 18.17 and a beta of 0.91.

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.