Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Down 0.1% – Here’s What Happened

The Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) saw a slight decline of 0.1% in its share price during trading on Friday. The stock dipped to a low of $32.94 before last being traded at $33.09. A total of approximately 26,509 shares changed hands during the session, with the previous closing price noted at $33.11.

Fidelity Blue Chip Value ETF Trading Down 0.1%

This ETF has a market capitalization of $137.33 million, a price-to-earnings (PE) ratio of 1.85, and a beta value of 0.57, indicating relatively low volatility compared to the market. The fund’s 50-day moving average price stands at $32.24, while its 200-day moving average price is $31.02.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

In recent months, several institutional investors have adjusted their holdings in the Fidelity Blue Chip Value ETF. Private Advisor Group LLC entered a new position in the ETF during the first quarter, investing approximately $544,000. Additionally, Commonwealth Equity Services LLC increased its stake by 8.4% in the second quarter, bringing its total shares owned to 377,761, valued at about $11.34 million after acquiring an additional 29,320 shares. CWM LLC also raised its holdings by 11.6%, now owning 3,590 shares worth approximately $108,000 after purchasing 372 more shares. Meanwhile, Lincoln National Corp increased its investment by 0.6% during the first quarter, ending up with 113,062 shares valued at $3.53 million after an additional purchase of 716 shares. Furthermore, Traynor Capital Management Inc. made an investment in the ETF during the second quarter worth $2.62 million.

Fidelity Blue Chip Value ETF Company Profile

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that tracks the Russell 1000 Value Index. This actively-managed, non-transparent fund is designed to invest in fundamentally-selected large-cap global value stocks, utilizing Fidelity's unique non-transparent model. The ETF was launched on June 3, 2020, and is managed by Fidelity.

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