Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Up 0.4% – Here’s Why

Fidelity Blue Chip Value ETF (BATS:FBCV) shares traded up 0.4% during trading on Tuesday . The stock traded as high as $37.84 and last traded at $37.76. 13,697 shares traded hands during trading, a decline of 71% from the average session volume of 47,389 shares. The stock had previously closed at $37.62.

Fidelity Blue Chip Value ETF Price Performance

The firm has a market capitalization of $148.40 million, a PE ratio of 16.12 and a beta of 0.74. The business’s 50-day moving average price is $36.80 and its 200-day moving average price is $35.26.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FBCV. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Blue Chip Value ETF by 145.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after buying an additional 524 shares during the period. Elyxium Wealth LLC purchased a new stake in Fidelity Blue Chip Value ETF during the 4th quarter valued at approximately $30,000. Osaic Holdings Inc. raised its stake 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 acquiring an additional 1,661 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Fidelity Blue Chip Value ETF by 18.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock worth $241,000 after acquiring an additional 1,059 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of Fidelity Blue Chip Value ETF by 50.1% in the 3rd quarter. CoreCap Advisors LLC now owns 7,648 shares of the company’s stock valued at $261,000 after purchasing an additional 2,554 shares during the last quarter.

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.