Fidelity Stocks For Inflation ETF (BATS:FCPI) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Fidelity Stocks For Inflation ETF (BATS:FCPI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.97 and traded as high as $46.48. Fidelity Stocks For Inflation ETF shares last traded at $46.20, with a volume of 40,105 shares changing hands.

Fidelity Stocks For Inflation ETF Trading Up 0.2 %

The firm has a market cap of $182.49 million, a PE ratio of 13.26 and a beta of 0.84. The business’s 50-day simple moving average is $43.95 and its 200 day simple moving average is $41.97.

Institutional Investors Weigh In On Fidelity Stocks For Inflation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity Stocks For Inflation ETF by 0.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,603 shares of the company’s stock valued at $3,662,000 after acquiring an additional 761 shares during the period. XML Financial LLC acquired a new position in shares of Fidelity Stocks For Inflation ETF in the second quarter valued at about $229,000. Atomi Financial Group Inc. raised its stake in shares of Fidelity Stocks For Inflation ETF by 9.9% in the second quarter. Atomi Financial Group Inc. now owns 5,581 shares of the company’s stock worth $228,000 after purchasing an additional 504 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fidelity Stocks For Inflation ETF by 7.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,256 shares of the company’s stock worth $1,277,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Wealthgarden F.S. LLC acquired a new stake in shares of Fidelity Stocks For Inflation ETF during the second quarter worth about $443,000.

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.