Cwm LLC Purchases 2,590 Shares of Fidelity Blue Chip Value ETF (BATS:FBCV)

Cwm LLC lifted its position in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) by 72.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,180 shares of the company’s stock after purchasing an additional 2,590 shares during the period. Cwm LLC owned 0.15% of Fidelity Blue Chip Value ETF worth $202,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Traynor Capital Management Inc. bought a new stake in Fidelity Blue Chip Value ETF in the second quarter worth about $2,619,000. Commonwealth Equity Services LLC raised its position in 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 worth $11,340,000 after acquiring an additional 29,320 shares during the period. Private Advisor Group LLC bought a new stake in Fidelity Blue Chip Value ETF in the first quarter worth about $544,000. Pacifica Partners Inc. bought a new stake in Fidelity Blue Chip Value ETF in the second quarter worth about $30,000. Finally, Lincoln National Corp raised its position in Fidelity Blue Chip Value ETF by 0.6% in the first quarter. Lincoln National Corp now owns 113,062 shares of the company’s stock worth $3,529,000 after acquiring an additional 716 shares during the period.

Fidelity Blue Chip Value ETF Trading Up 0.2 %

Shares of FBCV stock opened at $32.78 on Wednesday. The company has a market capitalization of $136.03 million, a price-to-earnings ratio of 1.85 and a beta of 0.57. The stock has a 50 day moving average of $32.32 and a 200-day moving average of $31.06.

Fidelity Blue Chip Value ETF 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.