Shares of Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) traded up 0.6% on Friday . The company traded as high as $42.75 and last traded at $42.53. 5,711 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 25,910 shares. The stock had previously closed at $42.26.
Fidelity Blue Chip Value ETF Stock Up 0.6%
The firm’s 50 day simple moving average is $41.99 and its 200 day simple moving average is $39.36. The company has a market cap of $167.14 million, a price-to-earnings ratio of 16.12 and a beta of 0.74.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Blue Chip Value ETF by 145.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 524 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Fidelity Blue Chip Value ETF in the fourth quarter worth about $30,000. Global Trust Asset Management LLC acquired a new position in shares of Fidelity Blue Chip Value ETF in the 1st quarter worth approximately $37,000. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Blue Chip Value ETF by 18.6% during the fourth quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock valued at $241,000 after acquiring an additional 1,059 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of Fidelity Blue Chip Value ETF by 151.3% in the 2nd 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 in the last quarter.
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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