Commonwealth Equity Services LLC Increases Holdings in Fidelity Blue Chip Value ETF $FBCV

Commonwealth Equity Services LLC increased its stake in Fidelity Blue Chip Value ETF (BATS:FBCV) by 18.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,502 shares of the company’s stock after acquiring an additional 78,523 shares during the period. Commonwealth Equity Services LLC owned approximately 12.89% of Fidelity Blue Chip Value ETF worth $17,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Blue Chip Value ETF by 145.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 524 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Fidelity Blue Chip Value ETF by 151.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock valued at $90,000 after buying an additional 1,661 shares during the period. AdvisorNet Financial Inc bought a new stake in Fidelity Blue Chip Value ETF in the second quarter worth $129,000. Roxbury Financial LLC boosted its stake in Fidelity Blue Chip Value ETF by 11.9% during the second quarter. Roxbury Financial LLC now owns 4,132 shares of the company’s stock worth $135,000 after buying an additional 439 shares during the period. Finally, Fifth Third Securities Inc. bought a new position in Fidelity Blue Chip Value ETF during the third quarter valued at $284,000.

Fidelity Blue Chip Value ETF Trading Up 3.6%

Shares of FBCV opened at $36.70 on Friday. The company has a market cap of $144.24 million, a P/E ratio of 16.12 and a beta of 0.74. The company’s fifty day simple moving average is $35.47 and its 200-day simple moving average is $34.24. Fidelity Blue Chip Value ETF has a twelve month low of $28.43 and a twelve month high of $34.17.

Fidelity Blue Chip Value ETF Company Profile

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.