Shares of Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) shot up 0.6% during trading on Friday . The company traded as high as $42.75 and last traded at $42.53. Approximately 5,711 shares were traded 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 Price Performance
The business’s 50-day moving average is $41.99 and its two-hundred day moving average is $39.36. The firm has a market cap of $167.14 million, a P/E ratio of 16.12 and a beta of 0.74.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Blue Chip Value ETF by 145.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 524 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Fidelity Blue Chip Value ETF during the 4th quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in shares of Fidelity Blue Chip Value ETF in the first quarter valued at $37,000. Osaic Holdings Inc. grew its stake in 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 buying an additional 1,661 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in 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 valued at $241,000 after acquiring an additional 1,059 shares during the period.
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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