Northwestern Mutual Wealth Management Co. Grows Stock Position in Fidelity Stocks For Inflation ETF $FCPI

Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Stocks For Inflation ETF (BATS:FCPI) by 93,516.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,798,366 shares of the company’s stock after buying an additional 1,796,445 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 37.08% of Fidelity Stocks For Inflation ETF worth $88,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCPI. Compound Planning Inc. increased its holdings in shares of Fidelity Stocks For Inflation ETF by 3.7% in the third quarter. Compound Planning Inc. now owns 6,651 shares of the company’s stock valued at $333,000 after purchasing an additional 237 shares during the period. CWM LLC grew its holdings in Fidelity Stocks For Inflation ETF by 161.6% during the third quarter. CWM LLC now owns 1,057 shares of the company’s stock worth $53,000 after acquiring an additional 653 shares during the period. Archer Investment Corp acquired a new stake in Fidelity Stocks For Inflation ETF during the third quarter worth about $41,000. Bank of America Corp DE grew its holdings in Fidelity Stocks For Inflation ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 18,566 shares of the company’s stock worth $866,000 after acquiring an additional 832 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Fidelity Stocks For Inflation ETF by 9.4% during the second quarter. Raymond James Financial Inc. now owns 30,404 shares of the company’s stock worth $1,418,000 after acquiring an additional 2,608 shares during the period.

Fidelity Stocks For Inflation ETF Stock Down 1.6%

Fidelity Stocks For Inflation ETF stock opened at $53.60 on Friday. The firm has a market cap of $259.96 million, a price-to-earnings ratio of 18.17 and a beta of 0.91. Fidelity Stocks For Inflation ETF has a 52 week low of $44.22 and a 52 week high of $54.50. The business’s 50-day moving average price is $51.20 and its 200 day moving average price is $50.70.

Fidelity Stocks For Inflation ETF Company 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.