Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Up 2.2% – Still a Buy?

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price rose 2.2% during mid-day trading on Monday . The company traded as high as $32.03 and last traded at $32.23. Approximately 9,937 shares changed hands during mid-day trading, The stock had previously closed at $31.54.

Fidelity Blue Chip Value ETF Stock Performance

The firm has a market capitalization of $133.75 million, a P/E ratio of 1.85 and a beta of 0.57. The stock has a 50 day moving average of $32.42 and a 200-day moving average of $32.26.

Hedge Funds Weigh In On Fidelity Blue Chip Value ETF

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

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.