Fidelity Stocks For Inflation ETF $FCPI Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Stocks For Inflation ETF (BATS:FCPI) by 93,516.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,798,366 shares of the company’s stock after purchasing an additional 1,796,445 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.37% of Fidelity Stocks For Inflation ETF worth $88,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atria Investments Inc grew its holdings in Fidelity Stocks For Inflation ETF by 8.8% during the third quarter. Atria Investments Inc now owns 188,993 shares of the company’s stock worth $9,469,000 after acquiring an additional 15,266 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity Stocks For Inflation ETF by 9.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,673 shares of the company’s stock worth $5,950,000 after acquiring an additional 10,353 shares during the period. Raymond James Financial Inc. grew its holdings in Fidelity Stocks For Inflation ETF by 12.1% in the third quarter. Raymond James Financial Inc. now owns 34,083 shares of the company’s stock valued at $1,708,000 after purchasing an additional 3,679 shares during the period. Bank of America Corp DE grew its holdings in Fidelity Stocks For Inflation ETF by 4.7% in the second quarter. Bank of America Corp DE now owns 18,566 shares of the company’s stock valued at $866,000 after purchasing an additional 832 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Fidelity Stocks For Inflation ETF by 343.1% in the second quarter. JPMorgan Chase & Co. now owns 16,265 shares of the company’s stock valued at $759,000 after purchasing an additional 12,594 shares during the period.

Fidelity Stocks For Inflation ETF Trading Down 1.6%

Shares of FCPI opened at $53.60 on Friday. Fidelity Stocks For Inflation ETF has a 12 month low of $44.22 and a 12 month high of $54.50. The stock’s 50 day moving average is $51.20 and its two-hundred day moving average is $50.70. The firm has a market cap of $259.96 million, a P/E ratio of 18.17 and a beta of 0.91.

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.