Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Fidelity Blue Chip Value ETF (BATS:FBCV)’s share price crossed 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 traded.

Fidelity Blue Chip Value ETF Stock Performance

The company’s 50 day moving average price is $32.89 and its 200-day moving average price is $31.60. The stock has a market cap of $141.21 million, a P/E ratio of 1.85 and a beta of 0.57.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several large investors have recently made changes to their positions in FBCV. Commonwealth Equity Services LLC raised its position in Fidelity Blue Chip Value ETF by 8.4% in the second quarter. Commonwealth Equity Services LLC now owns 377,761 shares of the company’s stock worth $11,340,000 after acquiring an additional 29,320 shares during the period. Traynor Capital Management Inc. purchased a new stake in shares of Fidelity Blue Chip Value ETF during the 2nd quarter worth approximately $2,619,000. Orion Portfolio Solutions LLC raised its holdings in shares of Fidelity Blue Chip Value ETF by 13.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,090 shares of the company’s stock worth $362,000 after purchasing an additional 1,349 shares during the period. MWA Asset Management purchased a new position in Fidelity Blue Chip Value ETF in the third quarter valued at approximately $214,000. Finally, FMR LLC grew its holdings in Fidelity Blue Chip Value ETF by 107.4% during the third quarter. FMR LLC now owns 6,403 shares of the company’s stock valued at $209,000 after purchasing an additional 3,316 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.