Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Fidelity Blue Chip Value ETF (BATS:FBCV) 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 trading hands.

Fidelity Blue Chip Value ETF Price Performance

The business’s 50-day moving average price is $32.86 and its 200-day moving average price is $31.58. The firm 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

Institutional investors have recently added to or reduced their stakes in the stock. Pacifica Partners Inc. acquired a new stake in shares of Fidelity Blue Chip Value ETF during the second quarter worth $30,000. CWM LLC grew its holdings in Fidelity Blue Chip Value ETF by 11.6% during the second quarter. CWM LLC now owns 3,590 shares of the company’s stock worth $108,000 after acquiring an additional 372 shares during the period. Sunbelt Securities Inc. raised its position in 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 acquiring an additional 706 shares in the last quarter. FMR LLC lifted its holdings in Fidelity Blue Chip Value ETF by 107.4% in the third quarter. FMR LLC now owns 6,403 shares of the company’s stock valued at $209,000 after acquiring an additional 3,316 shares during the period. Finally, MWA Asset Management purchased a new stake in shares of Fidelity Blue Chip Value ETF during the 3rd quarter worth $214,000.

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.