Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report)’s stock price traded up 0.7% during trading on Friday . The stock 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 daily volume of 27,267 shares. The stock had previously closed at $41.52.
Fidelity Blue Chip Value ETF Price Performance
The company has a market capitalization of $164.35 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The stock has a 50 day simple moving average of $39.94 and a two-hundred day simple moving average of $38.20.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Blue Chip Value ETF by 80,103.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock worth $6,752,000 after purchasing an additional 189,045 shares during the last quarter. Savvy Advisors Inc. purchased a new position in Fidelity Blue Chip Value ETF in the fourth quarter valued at approximately $2,093,000. Royal Bank of Canada increased its stake in Fidelity Blue Chip Value ETF by 4,045.7% in the first quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock valued at $610,000 after purchasing an additional 18,610 shares during the last quarter. LPL Financial LLC raised its holdings in Fidelity Blue Chip Value ETF by 182.8% during the fourth quarter. LPL Financial LLC now owns 21,365 shares of the company’s stock worth $762,000 after purchasing an additional 13,811 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Fidelity Blue Chip Value ETF by 76.2% during the fourth quarter. Cetera Investment Advisers now owns 27,216 shares of the company’s stock worth $971,000 after purchasing an additional 11,768 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.
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