Sumitomo Mitsui Financial Group Inc. Lowers Holdings in Fidelity Stocks For Inflation ETF (BATS:FCPI)

Sumitomo Mitsui Financial Group Inc. lowered its position in shares of Fidelity Stocks For Inflation ETF (BATS:FCPI) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,455 shares of the company’s stock after selling 295 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Fidelity Stocks For Inflation ETF were worth $63,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake 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 buying an additional 552 shares in the last quarter. FMR LLC lifted its holdings in 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 during the period. Wealthgarden F.S. LLC purchased a new stake in shares of Fidelity Stocks For Inflation ETF during the 4th quarter worth $470,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Stocks For Inflation ETF in the 4th quarter valued at about $1,256,000. Finally, Clarity Capital Partners LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF in the fourth quarter valued at about $216,000.

Fidelity Stocks For Inflation ETF Trading Down 12.1 %

FCPI stock opened at $39.11 on Monday. Fidelity Stocks For Inflation ETF has a 52 week low of $37.14 and a 52 week high of $46.66. The company has a market cap of $185.77 million, a P/E ratio of 17.84 and a beta of 0.92. The company’s 50-day moving average price is $44.22 and its 200 day moving average price is $44.38.

Fidelity Stocks For Inflation ETF 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.