Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Passes Above 200-Day Moving Average – Time to Sell?

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.58 and traded as high as $34.15. Fidelity Blue Chip Value ETF shares last traded at $34.03, with a volume of 5,499 shares changing hands.

Fidelity Blue Chip Value ETF Stock Up 0.3 %

The stock’s fifty day simple moving average is $32.86 and its 200-day simple moving average is $31.58. The company has a market capitalization of $141.21 million, a PE ratio of 1.85 and a beta of 0.57.

Hedge Funds Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds have recently bought and sold shares of the company. Traynor Capital Management Inc. purchased a new stake in Fidelity Blue Chip Value ETF during the second quarter worth $2,619,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Blue Chip Value ETF by 8.4% in the second quarter. Commonwealth Equity Services LLC now owns 377,761 shares of the company’s stock valued at $11,340,000 after buying an additional 29,320 shares in the last quarter. MWA Asset Management acquired a new position in shares of Fidelity Blue Chip Value ETF during the 3rd quarter worth $214,000. FMR LLC boosted its position in shares of Fidelity Blue Chip Value ETF by 107.4% in the 3rd quarter. FMR LLC now owns 6,403 shares of the company’s stock worth $209,000 after buying an additional 3,316 shares in the last quarter. Finally, CWM LLC grew its stake in Fidelity Blue Chip Value ETF by 72.1% in the 3rd quarter. CWM LLC now owns 6,180 shares of the company’s stock valued at $202,000 after acquiring an additional 2,590 shares during 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.