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

Fidelity Stocks For Inflation ETF (BATS:FCPIGet Free Report)’s share price dropped 2.9% during trading on Monday . The stock traded as low as $44.96 and last traded at $43.23. Approximately 9,644 shares were traded during trading, a decline of 58% from the average daily volume of 22,758 shares. The stock had previously closed at $44.50.

Fidelity Stocks For Inflation ETF Price Performance

The stock has a market capitalization of $205.44 million, a price-to-earnings ratio of 17.64 and a beta of 0.96. The firm has a fifty day moving average of $44.83 and a 200 day moving average of $44.27.

Institutional Trading of Fidelity Stocks For Inflation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FCPI. Wells Fargo & Company MN grew 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 worth $33,000 after acquiring an additional 767 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in Fidelity Stocks For Inflation ETF in the fourth quarter valued at approximately $44,000. Clarity Capital Partners LLC acquired a new stake in Fidelity Stocks For Inflation ETF in the fourth quarter valued at approximately $216,000. HighTower Advisors LLC grew its holdings in 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 period. Finally, Wealthgarden F.S. LLC acquired a new stake in Fidelity Stocks For Inflation ETF in the fourth quarter valued at approximately $470,000.

About Fidelity Stocks For Inflation ETF

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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.

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