Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Up 5.4% – Here’s What Happened

Fidelity Blue Chip Value ETF (BATS:FBCV)’s stock price was up 5.4% during trading on Monday . The company traded as high as $35.7790 and last traded at $37.3240. Approximately 8,735 shares were traded 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 stock’s 50 day simple moving average is $36.15 and its 200-day simple moving average is $34.71. The stock has a market capitalization of $146.68 million, a price-to-earnings ratio of 16.12 and a beta of 0.74.

Institutional Trading of Fidelity Blue Chip Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 period. Osaic Holdings Inc. increased its holdings in Fidelity Blue Chip Value ETF by 151.3% in the second quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock valued at $90,000 after purchasing an additional 1,661 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Fidelity Blue Chip Value ETF by 50.1% in the third quarter. CoreCap Advisors LLC now owns 7,648 shares of the company’s stock valued at $261,000 after buying an additional 2,554 shares during the period. AdvisorNet Financial Inc boosted its holdings in Fidelity Blue Chip Value ETF by 107.2% during the third quarter. AdvisorNet Financial Inc now owns 8,187 shares of the company’s stock worth $279,000 after buying an additional 4,236 shares during the last quarter. Finally, Fifth Third Securities Inc. bought a new position in Fidelity Blue Chip Value ETF during the third quarter worth about $284,000.

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.