Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Up 2.3% – Time to Buy?

Fidelity Blue Chip Value ETF (BATS:FBCV) was up 2.3% during trading on Monday . The stock traded as high as $35.7790 and last traded at $36.2510. Approximately 8,735 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 12,629 shares. The stock had previously closed at $35.4230.

Fidelity Blue Chip Value ETF Price Performance

The company has a market capitalization of $142.47 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The business has a fifty day moving average price of $34.82 and a 200 day moving average price of $33.77.

Institutional Trading of Fidelity Blue Chip Value ETF

A number of hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in Fidelity Blue Chip Value ETF by 21.0% in the 3rd quarter. Susquehanna International Group LLP now owns 19,884 shares of the company’s stock worth $678,000 after purchasing an additional 3,446 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Fidelity Blue Chip Value ETF by 53.2% in the third quarter. Orion Porfolio Solutions LLC now owns 10,603 shares of the company’s stock valued at $361,000 after buying an additional 3,682 shares during the period. Florida Financial Advisors LLC grew its position in Fidelity Blue Chip Value ETF by 49.5% during the third quarter. Florida Financial Advisors LLC now owns 10,348 shares of the company’s stock worth $353,000 after buying an additional 3,427 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Blue Chip Value ETF by 8.9% during the third quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock valued at $1,120,000 after acquiring an additional 2,679 shares during the period. Finally, CoreCap Advisors LLC increased its stake in Fidelity Blue Chip Value ETF by 50.1% during the third quarter. CoreCap Advisors LLC now owns 7,648 shares of the company’s stock valued at $261,000 after acquiring an additional 2,554 shares during the period.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.