Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Up 0.6% – What’s Next?

Fidelity Stocks For Inflation ETF (BATS:FCPI) was up 0.6% on Thursday . The company traded as high as $50.5196 and last traded at $50.32. Approximately 5,494 shares changed hands during 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 Trading Up 0.6%

The firm has a market cap of $244.05 million, a P/E ratio of 18.17 and a beta of 0.91. The business has a 50-day moving average price of $50.08 and a 200-day moving average price of $49.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FCPI. Compound Planning Inc. raised its holdings in shares of Fidelity Stocks For Inflation ETF by 3.7% in the 3rd quarter. Compound Planning Inc. now owns 6,651 shares of the company’s stock valued at $333,000 after purchasing an additional 237 shares in the last quarter. Clarity Capital Partners LLC increased its holdings in 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. CWM LLC raised its stake in Fidelity Stocks For Inflation ETF by 161.6% in the third quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $53,000 after buying an additional 653 shares in the last quarter. Archer Investment Corp bought a new position in Fidelity Stocks For Inflation ETF in the third quarter worth approximately $41,000. Finally, Bank of America Corp DE lifted its holdings in Fidelity Stocks For Inflation ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 18,566 shares of the company’s stock worth $866,000 after buying an additional 832 shares during the period.

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.