Fidelity Stocks For Inflation ETF (BATS:FCPI) Trading Down 0.3% – Time to Sell?

Fidelity Stocks For Inflation ETF (BATS:FCPI) shares dropped 0.3% on Thursday . The stock traded as low as $56.94 and last traded at $56.94. Approximately 6,655 shares changed hands during trading, a decline of 62% from the average daily volume of 17,434 shares. The stock had previously closed at $57.13.

Fidelity Stocks For Inflation ETF Price Performance

The firm has a market cap of $276.16 million, a PE ratio of 18.17 and a beta of 0.91. The business’s fifty day moving average is $54.84 and its 200-day moving average is $52.87.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

Several large investors have recently modified their holdings of FCPI. Elyxium Wealth LLC purchased a new position in Fidelity Stocks For Inflation ETF in the fourth quarter valued at approximately $26,000. Parallel Advisors LLC raised its stake in shares of Fidelity Stocks For Inflation ETF by 166.8% in the first quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock valued at $31,000 after buying an additional 392 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 2nd quarter valued at $41,000. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF during the 4th quarter valued at $154,000. Finally, National Bank of Canada FI bought a new position in shares of Fidelity Stocks For Inflation ETF during the 3rd quarter worth $178,000.

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.