Fidelity Blue Chip Value ETF (BATS:FBCV) Trading 2.2% Higher – Here’s Why

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price traded up 2.2% during trading on Monday . The stock traded as high as $32.03 and last traded at $32.23. 9,937 shares were traded during mid-day trading, The stock had previously closed at $31.54.

Fidelity Blue Chip Value ETF Trading Up 2.5 %

The company has a market cap of $134.17 million, a price-to-earnings ratio of 1.85 and a beta of 0.57. The business has a fifty day moving average of $32.35 and a two-hundred day moving average of $32.28.

Institutional Trading of Fidelity Blue Chip Value ETF

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