Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Up 0.7% – Time to Buy?

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price rose 0.7% on Friday . The stock traded as high as $41.85 and last traded at $41.82. 12,249 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 27,267 shares. The stock had previously closed at $41.52.

Fidelity Blue Chip Value ETF Price Performance

The company’s 50-day moving average price is $39.94 and its 200-day moving average price is $38.20. The company has a market cap of $164.35 million, a P/E ratio of 16.12 and a beta of 0.74.

Institutional Trading of Fidelity Blue Chip Value ETF

A number of institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC boosted its position in shares of Fidelity Blue Chip Value ETF by 23.1% during the second quarter. CoreCap Advisors LLC now owns 12,189 shares of the company’s stock worth $485,000 after buying an additional 2,288 shares during the period. Bank of America Corp DE acquired a new stake in Fidelity Blue Chip Value ETF in the 1st quarter valued at approximately $355,000. Sunbelt Securities Inc. lifted its stake in Fidelity Blue Chip Value ETF by 143.5% in the 1st quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after acquiring an additional 9,707 shares in the last quarter. Florida Financial Advisors LLC lifted its stake in Fidelity Blue Chip Value ETF by 56.4% in the 1st quarter. Florida Financial Advisors LLC now owns 13,794 shares of the company’s stock valued at $496,000 after acquiring an additional 4,974 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Fidelity Blue Chip Value ETF during the 1st quarter worth approximately $266,000.

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.