Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Down 2.9% – Here’s What Happened

Fidelity Stocks For Inflation ETF (BATS:FCPI) shares fell 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 changed 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 firm has a market capitalization of $205.44 million, a PE ratio of 17.64 and a beta of 0.96. The company’s fifty day simple moving average is $44.83 and its 200-day simple moving average is $44.27.

Hedge Funds Weigh In On Fidelity Stocks For Inflation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Fidelity Stocks For Inflation ETF by 76,700.0% during 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 in the last quarter. Sugar Maple Asset Management LLC purchased a new position in Fidelity Stocks For Inflation ETF during the fourth quarter valued at $44,000. Clarity Capital Partners LLC purchased a new position in Fidelity Stocks For Inflation ETF during the fourth quarter valued at $216,000. HighTower Advisors LLC lifted its holdings in Fidelity Stocks For Inflation ETF by 7.1% during 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 in the last quarter. Finally, Wealthgarden F.S. LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the fourth quarter worth about $470,000.

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.