Shares of Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) traded up 0.6% on Friday . The company traded as high as $42.75 and last traded at $42.53. Approximately 5,711 shares changed hands during trading, a decline of 78% from the average daily volume of 25,910 shares. The stock had previously closed at $42.26.
Fidelity Blue Chip Value ETF Stock Performance
The company has a market cap of $167.14 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The business’s 50 day simple moving average is $41.99 and its 200-day simple moving average is $39.36.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FBCV. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Blue Chip Value ETF by 80,103.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock valued at $6,752,000 after purchasing an additional 189,045 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of 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 worth $610,000 after acquiring an additional 18,610 shares in the last quarter. LPL Financial LLC raised its holdings in shares of 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 acquiring an additional 13,811 shares during the period. Cetera Investment Advisers increased its holdings in Fidelity Blue Chip Value ETF by 76.2% during the 4th 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. Finally, Kestra Advisory Services LLC increased its holdings in Fidelity Blue Chip Value ETF by 139.4% during the 4th quarter. Kestra Advisory Services LLC now owns 17,265 shares of the company’s stock worth $616,000 after purchasing an additional 10,054 shares in the last quarter.
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.
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