Fidelity Blue Chip Value ETF (BATS:FBCV) Trading Down 1.5% – What’s Next?

Shares of Fidelity Blue Chip Value ETF (BATS:FBCV) dropped 1.5% during mid-day trading on Monday . The company traded as low as $31.10 and last traded at $31.15. Approximately 58,625 shares were traded during mid-day trading, The stock had previously closed at $31.61.

Fidelity Blue Chip Value ETF Stock Down 1.5 %

The stock has a fifty day simple moving average of $32.70 and a 200 day simple moving average of $32.06. The firm has a market capitalization of $129.27 million, a P/E ratio of 1.85 and a beta of 0.57.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. MWA Asset Management purchased a new position in Fidelity Blue Chip Value ETF during the third quarter valued at $214,000. FMR LLC boosted its holdings in shares of Fidelity Blue Chip Value ETF by 107.4% during the 3rd quarter. FMR LLC now owns 6,403 shares of the company’s stock valued at $209,000 after purchasing an additional 3,316 shares during the last quarter. CWM LLC grew its position in shares of Fidelity Blue Chip Value ETF by 72.1% during the third quarter. CWM LLC now owns 6,180 shares of the company’s stock valued at $202,000 after purchasing an additional 2,590 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Fidelity Blue Chip Value ETF by 13.8% in the third quarter. Orion Portfolio Solutions LLC now owns 11,090 shares of the company’s stock worth $362,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Fidelity Blue Chip Value ETF by 14.9% in the third quarter. Sunbelt Securities Inc. now owns 5,460 shares of the company’s stock worth $178,000 after buying an additional 706 shares in 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.