Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Up 0.2% – Should You Buy?

Fidelity Blue Chip Value ETF (BATS:FBCV) shares shot up 0.2% during trading on Monday . The stock traded as high as $37.91 and last traded at $37.80. 7,234 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 40,740 shares. The stock had previously closed at $37.71.

Fidelity Blue Chip Value ETF Stock Performance

The firm has a market capitalization of $148.55 million, a P/E ratio of 16.12 and a beta of 0.74. The stock has a 50-day moving average of $36.91 and a 200 day moving average of $36.15.

Hedge Funds Weigh In On Fidelity Blue Chip Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of Fidelity Blue Chip Value ETF by 4,045.7% during the first quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock worth $610,000 after purchasing an additional 18,610 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Fidelity Blue Chip Value ETF in the second quarter valued at about $294,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Blue Chip Value ETF by 145.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 524 shares during the last quarter. Osaic Holdings Inc. lifted its position 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 worth $90,000 after buying an additional 1,661 shares in the last quarter. Finally, CWM LLC lifted its position in Fidelity Blue Chip Value ETF by 33.1% during the 3rd quarter. CWM LLC now owns 27,137 shares of the company’s stock worth $925,000 after buying an additional 6,752 shares in the last quarter.

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.