Fidelity Blue Chip Value ETF $FBCV Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Blue Chip Value ETF (BATS:FBCV) by 80,103.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,281 shares of the company’s stock after purchasing an additional 189,045 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Blue Chip Value ETF were worth $6,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBCV. Elyxium Wealth LLC purchased a new position in Fidelity Blue Chip Value ETF in the 4th quarter worth $30,000. Osaic Holdings Inc. raised its stake in Fidelity Blue Chip Value ETF by 151.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after acquiring an additional 1,661 shares during the last quarter. Cetera Investment Advisers purchased a new position in Fidelity Blue Chip Value ETF in the 2nd quarter worth $294,000. CoreCap Advisors LLC raised its stake in Fidelity Blue Chip Value ETF by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 8,796 shares of the company’s stock worth $314,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Florida Financial Advisors LLC raised its stake in Fidelity Blue Chip Value ETF by 49.5% in the 3rd quarter. Florida Financial Advisors LLC now owns 10,348 shares of the company’s stock worth $353,000 after acquiring an additional 3,427 shares during the last quarter.

Fidelity Blue Chip Value ETF Price Performance

Shares of FBCV stock opened at $39.13 on Wednesday. The firm has a market capitalization of $153.78 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The business has a fifty day moving average of $37.63 and a 200 day moving average of $36.85. Fidelity Blue Chip Value ETF has a 1 year low of $31.98 and a 1 year high of $39.45.

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.