Fidelity Blue Chip Value ETF (BATS:FBCV) Experiences 0.1% Decline – Key Insights

The Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) saw a minor decline of 0.1% during trading on Friday. The stock reached a low of $32.94 and was last seen trading at $33.09. Around 26,509 shares were exchanged during the day, with the previous close standing at $33.11.

Performance Overview of Fidelity Blue Chip Value ETF

FBCV has a market capitalization of $137.33 million, with a price-to-earnings (PE) ratio of 1.85 and a beta of 0.57. Its 50-day moving average price sits at $32.24, while the 200-day moving average price is $31.02.

Institutional Investment Activity in Fidelity Blue Chip Value ETF

Recently, several institutional investors have adjusted their positions in FBCV. Private Advisor Group LLC acquired a new stake in the ETF during the first quarter valued at approximately $544,000. Meanwhile, Commonwealth Equity Services LLC increased their holdings by 8.4% during the second quarter, bringing their total to 377,761 shares worth about $11,340,000 after buying an additional 29,320 shares. CWM LLC also raised its interest in the ETF by 11.6%, owning 3,590 shares valued at $108,000 after purchasing 372 shares. In the first quarter, Lincoln National Corp slightly raised its stake by 0.6%, now holding 113,062 shares worth $3,529,000 after acquiring 716 shares. Additionally, Traynor Capital Management Inc. purchased a new stake in the ETF during the second quarter, valued at $2,619,000.

Fidelity Blue Chip Value ETF Overview

The Fidelity Blue Chip Value ETF is an exchange-traded fund that tracks the Russell 1000 Value index. This actively managed fund focuses on large-cap global value stocks selected based on fundamental analysis. FBCV was launched on June 3, 2020, and is managed by Fidelity.

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Fidelity, ETF, Stock