Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,827 shares, a decrease of 72.3% from the September 15th total of 10,190 shares. Based on an average daily volume of 18,397 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On Fidelity Blue Chip Value ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Blue Chip Value ETF by 73.6% in the second quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock valued at $2,100,000 after buying an additional 22,353 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Fidelity Blue Chip Value ETF during the third quarter worth $119,000. CoreCap Advisors LLC raised its position in Fidelity Blue Chip Value ETF by 12.9% during the third quarter. CoreCap Advisors LLC now owns 13,757 shares of the company’s stock worth $567,000 after acquiring an additional 1,568 shares in the last quarter. Bank of America Corp DE bought a new stake in Fidelity Blue Chip Value ETF during the first quarter worth $355,000. Finally, Sunbelt Securities Inc. lifted its stake in Fidelity Blue Chip Value ETF by 143.5% in the first quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after acquiring an additional 9,707 shares during the last quarter.
Fidelity Blue Chip Value ETF Stock Up 0.7%
FBCV stock opened at $42.21 on Tuesday. The business has a 50 day moving average price of $42.35 and a two-hundred day moving average price of $40.12. The company has a market cap of $165.89 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a twelve month low of $33.41 and a twelve month high of $43.49.
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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