Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Up 0.5% – Here’s What Happened

Fidelity Blue Chip Value ETF (BATS:FBCV) shares were up 0.5% during mid-day trading on Friday . The company traded as high as $43.10 and last traded at $43.04. 11,919 shares changed hands during trading, a decline of 55% from the average session volume of 26,674 shares. The stock had previously closed at $42.84.

Fidelity Blue Chip Value ETF Price Performance

The company has a fifty day moving average of $40.98 and a 200 day moving average of $38.82. The firm has a market capitalization of $169.15 million, a P/E ratio of 16.12 and a beta of 0.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FBCV. Northwestern Mutual Wealth Management Co. increased its position 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 acquired a new position in Fidelity Blue Chip Value ETF in the fourth quarter valued at $30,000. Global Trust Asset Management LLC bought a new stake in Fidelity Blue Chip Value ETF during the first quarter valued at $37,000. Osaic Holdings Inc. boosted its position in 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 valued at $90,000 after acquiring an additional 1,661 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings 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.

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.