Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Up 0.7% – Still a Buy?

by · The Markets Daily

Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) shot up 0.7% during trading on Friday . The company traded as high as $41.85 and last traded at $41.82. 12,249 shares were traded during mid-day trading, a decline of 55% from the average session volume of 27,267 shares. The stock had previously closed at $41.52.

Fidelity Blue Chip Value ETF Trading Up 0.7%

The stock has a market capitalization of $164.35 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The company’s 50 day moving average is $39.94 and its 200 day moving average is $38.20.

Institutional Trading of Fidelity Blue Chip Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Blue Chip Value ETF by 145.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 524 shares during the period. Elyxium Wealth LLC acquired a new position in Fidelity Blue Chip Value ETF in the fourth quarter valued at $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Fidelity Blue Chip Value ETF in the first quarter valued at about $37,000. Sunbelt Securities Inc. raised its holdings in shares of Fidelity Blue Chip Value ETF by 18.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock valued at $241,000 after buying an additional 1,059 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Fidelity Blue Chip Value ETF by 151.3% during the second quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after buying an additional 1,661 shares during the period.

Fidelity Blue Chip Value ETF Company Profile

(Get Free Report)

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.

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