Northwestern Mutual Wealth Management Co. Boosts Stake in Fidelity Blue Chip Value ETF $FBCV

Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) by 80,103.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,281 shares of the company’s stock after purchasing an additional 189,045 shares during the period. Northwestern Mutual Wealth Management Co. owned 4.82% of Fidelity Blue Chip Value ETF worth $6,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Savvy Advisors Inc. purchased a new stake in Fidelity Blue Chip Value ETF during the fourth quarter valued at approximately $2,093,000. CoreCap Advisors LLC raised its position in Fidelity Blue Chip Value ETF by 15.0% during the fourth 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 during the period. Envestnet Asset Management Inc. raised its position in Fidelity Blue Chip Value ETF by 8.9% during the third quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock valued at $1,120,000 after purchasing an additional 2,679 shares during the period. Florida Financial Advisors LLC raised its position in Fidelity Blue Chip Value ETF by 49.5% during the third quarter. Florida Financial Advisors LLC now owns 10,348 shares of the company’s stock valued at $353,000 after purchasing an additional 3,427 shares during the period. Finally, Osaic Holdings Inc. raised its position in 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 valued at $90,000 after purchasing an additional 1,661 shares during the period.

Fidelity Blue Chip Value ETF Price Performance

Shares of FBCV stock opened at $39.13 on Wednesday. Fidelity Blue Chip Value ETF has a 1 year low of $31.98 and a 1 year high of $39.45. The stock’s 50 day simple moving average is $37.63 and its two-hundred day simple moving average is $36.85. The company has a market cap of $153.78 million, a PE ratio of 16.12 and a beta of 0.74.

Fidelity Blue Chip Value ETF 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.