Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Position Reduced by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) by 34.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,384 shares of the company’s stock after selling 4,901 shares during the period. Private Advisor Group LLC owned about 0.23% of Fidelity Blue Chip Value ETF worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBCV. CWM LLC grew its position 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 valued at $108,000 after purchasing an additional 372 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Fidelity Blue Chip Value ETF during the second quarter valued at approximately $30,000. Traynor Capital Management Inc. purchased a new position in Fidelity Blue Chip Value ETF during the second quarter valued at approximately $2,619,000. Finally, Commonwealth Equity Services LLC grew its position in Fidelity Blue Chip Value ETF by 8.4% during the second quarter. Commonwealth Equity Services LLC now owns 377,761 shares of the company’s stock valued at $11,340,000 after purchasing an additional 29,320 shares in the last quarter.

Fidelity Blue Chip Value ETF Price Performance

Shares of FBCV opened at $33.27 on Thursday. The stock has a market capitalization of $138.08 million, a P/E ratio of 1.85 and a beta of 0.57. The company’s 50 day moving average is $32.46 and its 200 day moving average is $31.23.

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.