Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Down 1.5% – Here’s Why

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price dropped 1.5% during trading on Monday . The company traded as low as $31.10 and last traded at $31.15. Approximately 58,625 shares changed hands during mid-day trading, The stock had previously closed at $31.61.

Fidelity Blue Chip Value ETF Stock Down 1.5 %

The company has a market capitalization of $129.27 million, a PE ratio of 1.85 and a beta of 0.57. The business has a 50 day simple moving average of $32.70 and a 200 day simple moving average of $32.06.

Hedge Funds Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of FBCV. CWM LLC increased its stake in Fidelity Blue Chip Value ETF by 72.1% during the 3rd quarter. CWM LLC now owns 6,180 shares of the company’s stock valued at $202,000 after purchasing an additional 2,590 shares in the last quarter. MWA Asset Management purchased a new stake in shares of Fidelity Blue Chip Value ETF during the third quarter valued at $214,000. FMR LLC increased its position in shares of Fidelity Blue Chip Value ETF by 107.4% in the 3rd quarter. FMR LLC now owns 6,403 shares of the company’s stock valued at $209,000 after acquiring an additional 3,316 shares during the period. Orion Portfolio Solutions LLC raised its stake in Fidelity Blue Chip Value ETF by 13.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,090 shares of the company’s stock worth $362,000 after acquiring an additional 1,349 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Fidelity Blue Chip Value ETF by 14.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,460 shares of the company’s stock worth $178,000 after acquiring an additional 706 shares during the period.

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.