Raymond James Financial Inc. Invests $1.26 Million in Fidelity Stocks For Inflation ETF (BATS:FCPI)

Raymond James Financial Inc. bought a new position in Fidelity Stocks For Inflation ETF (BATS:FCPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 28,965 shares of the company’s stock, valued at approximately $1,256,000. Raymond James Financial Inc. owned 0.73% of Fidelity Stocks For Inflation ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF in the 4th quarter valued at $44,000. Clarity Capital Partners LLC acquired a new position in Fidelity Stocks For Inflation ETF in the fourth quarter valued at about $216,000. HighTower Advisors LLC lifted its stake 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 buying an additional 552 shares in the last quarter. Wealthgarden F.S. LLC bought a new position in Fidelity Stocks For Inflation ETF during the 4th quarter worth about $470,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Fidelity Stocks For Inflation ETF in the 4th quarter valued at approximately $603,000.

Fidelity Stocks For Inflation ETF Trading Down 2.6 %

Shares of FCPI stock opened at $43.36 on Thursday. Fidelity Stocks For Inflation ETF has a 1 year low of $37.14 and a 1 year high of $46.66. The firm’s fifty day moving average price is $44.46 and its two-hundred day moving average price is $44.39. The firm has a market capitalization of $205.96 million, a P/E ratio of 17.84 and a beta of 0.92.

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.