Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Experiences Slight Decline

The Fidelity Blue Chip Value ETF (BATS:FBCV) saw a modest decrease of 0.1% in its stock price during trading on Friday. The shares dipped to a low of $32.94 before making a last trade at $33.09. This represented a decline from its previous closing price of $33.11, with approximately 26,509 shares changing hands during the session.

Performance Overview of Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF currently holds a market capitalization of $137.33 million. It has a price-to-earnings (PE) ratio of 1.85, which indicates the ratio of the company's current share price relative to its per-share earnings. Additionally, the ETF has a beta of 0.57, suggesting it is less volatile compared to the market. Its 50-day moving average price stands at $32.24, while the 200-day moving average price is recorded at $31.02, providing a glimpse into its performance trends over time.

Recent Moves by Institutional Investors

In recent months, several institutional investors have adjusted their holdings in the Fidelity Blue Chip Value ETF. Private Advisor Group LLC, for example, acquired a new position worth approximately $544,000 during the first quarter of this year. In another move, Commonwealth Equity Services LLC increased its stake by 8.4% in the second quarter, now owning 377,761 shares valued at around $11,340,000 after buying an additional 29,320 shares. Similarly, CWM LLC raised its holdings by 11.6% during the same period, bringing its total to 3,590 shares valued at $108,000 after acquiring 372 extra shares.

Lincoln National Corp also made a slight increase of 0.6% in its holdings during the first quarter, currently owning 113,062 shares worth $3,529,000 after purchasing an additional 716 shares. Traynor Capital Management Inc. made a new investment in the ETF during the second quarter, valued at $2,619,000.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is designed to track the performance of the Russell 1000 Value Index. It is classified as an actively managed, non-transparent fund, meaning that it selects large-cap global value stocks based on fundamental analysis without disclosing all its holdings regularly. The fund was launched on June 3, 2020, and is managed by Fidelity, reflecting its commitment to investing in fundamentally strong companies.

Conclusion

Overall, while the Fidelity Blue Chip Value ETF saw a slight drop in its share price recently, the participation of large institutional investors indicates a sustained interest in the fund. With its focus on large-cap global value stocks, FBCV aims to provide investors with opportunities in the value stock segment.

FBCV, ETF, Stocks