Fidelity Blue Chip Value ETF (BATS:FBCV) Shares Down 1.3% – Here’s Why

Shares of Fidelity Blue Chip Value ETF (BATS:FBCV) fell 1.3% during trading on Wednesday . The company traded as low as $36.07 and last traded at $36.08. 11,039 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 50,633 shares. The stock had previously closed at $36.55.

Fidelity Blue Chip Value ETF Stock Down 1.3%

The company has a market capitalization of $139.63 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The firm has a 50 day moving average price of $37.12 and a two-hundred day moving average price of $35.62.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FBCV. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Blue Chip Value ETF by 145.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after buying an additional 524 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Fidelity Blue Chip Value ETF during the 4th quarter worth $30,000. Sunbelt Securities Inc. increased its position in shares of Fidelity Blue Chip Value ETF by 18.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock worth $241,000 after purchasing an additional 1,059 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Fidelity Blue Chip Value ETF by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 8,796 shares of the company’s stock valued at $314,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Fidelity Blue Chip Value ETF by 151.3% during the second quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after purchasing an additional 1,661 shares during 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.