Envestnet Asset Management Inc. Sells 11,127 Shares of Fidelity Blue Chip Value ETF $FBCV

Envestnet Asset Management Inc. cut its position in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) by 26.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,191 shares of the company’s stock after selling 11,127 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Fidelity Blue Chip Value ETF were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI boosted its position in Fidelity Blue Chip Value ETF by 12.2% during the first quarter. National Bank of Canada FI now owns 27,666 shares of the company’s stock valued at $885,000 after acquiring an additional 3,000 shares during the last quarter. Royal Bank of Canada raised its position in shares of Fidelity Blue Chip Value ETF by 4,045.7% in the 1st quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock worth $610,000 after acquiring an additional 18,610 shares in the last quarter. MWA Asset Management acquired a new position in shares of Fidelity Blue Chip Value ETF in the 1st quarter valued at about $202,000. Roxbury Financial LLC boosted its position in shares of Fidelity Blue Chip Value ETF by 11.9% during the 2nd quarter. Roxbury Financial LLC now owns 4,132 shares of the company’s stock valued at $135,000 after purchasing an additional 439 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in Fidelity Blue Chip Value ETF during the second quarter worth approximately $129,000.

Fidelity Blue Chip Value ETF Stock Performance

Shares of FBCV stock opened at $34.76 on Friday. Fidelity Blue Chip Value ETF has a fifty-two week low of $28.43 and a fifty-two week high of $34.17. The stock has a 50 day simple moving average of $34.33 and a two-hundred day simple moving average of $33.33. The company has a market cap of $136.61 million, a P/E ratio of 16.12 and a beta of 0.74.

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.