Newbridge Financial Services Group Inc. Acquires New Stake in Fidelity Stocks For Inflation ETF (BATS:FCPI)

Newbridge Financial Services Group Inc. bought a new stake in Fidelity Stocks For Inflation ETF (BATS:FCPI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,900 shares of the company’s stock, valued at approximately $603,000.

A number of other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Fidelity Stocks For Inflation ETF during the 4th quarter valued at $44,000. Schrum Private Wealth Management LLC purchased a new position in shares of Fidelity Stocks For Inflation ETF in the third quarter valued at $293,000. HighTower Advisors LLC raised its stake in shares of Fidelity Stocks For Inflation ETF by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 8,273 shares of the company’s stock valued at $358,000 after purchasing an additional 552 shares during the period. FMR LLC lifted its holdings in Fidelity Stocks For Inflation ETF by 18.1% during the 3rd quarter. FMR LLC now owns 15,389 shares of the company’s stock worth $666,000 after purchasing an additional 2,353 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Fidelity Stocks For Inflation ETF by 4.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 93,479 shares of the company’s stock valued at $4,049,000 after buying an additional 3,876 shares in the last quarter.

Fidelity Stocks For Inflation ETF Stock Up 2.0 %

BATS FCPI opened at $45.37 on Friday. The business has a 50-day moving average price of $44.92 and a 200 day moving average price of $43.62. The stock has a market cap of $179.21 million, a PE ratio of 13.26 and a beta of 0.84.

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.