Fidelity Stocks For Inflation ETF (BATS:FCPI) Shares Down 2.9% – Here’s Why

Fidelity Stocks For Inflation ETF (BATS:FCPI) traded down 2.9% during mid-day trading on Monday . The stock traded as low as $44.96 and last traded at $43.23. 9,644 shares traded hands during trading, a decline of 58% from the average session volume of 22,758 shares. The stock had previously closed at $44.50.

Fidelity Stocks For Inflation ETF Price Performance

The company’s 50-day simple moving average is $44.87 and its 200-day simple moving average is $44.27. The stock has a market capitalization of $205.34 million, a P/E ratio of 17.64 and a beta of 0.96.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in shares of Fidelity Stocks For Inflation ETF by 7.1% in the third quarter. HighTower Advisors LLC now owns 8,273 shares of the company’s stock valued at $358,000 after purchasing an additional 552 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Fidelity Stocks For Inflation ETF by 76,700.0% in the fourth quarter. Wells Fargo & Company MN now owns 768 shares of the company’s stock valued at $33,000 after purchasing an additional 767 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter valued at $44,000. Cetera Investment Advisers increased its holdings in shares of Fidelity Stocks For Inflation ETF by 12.3% in the fourth quarter. Cetera Investment Advisers now owns 11,762 shares of the company’s stock valued at $510,000 after purchasing an additional 1,292 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Fidelity Stocks For Inflation ETF by 18.1% in the third quarter. FMR LLC now owns 15,389 shares of the company’s stock valued at $666,000 after acquiring an additional 2,353 shares in the last quarter.

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.