MWA Asset Management Purchases Shares of 6,544 Fidelity Blue Chip Value ETF (BATS:FBCV)

MWA Asset Management acquired a new position in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,544 shares of the company’s stock, valued at approximately $214,000.

Other large investors have also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Fidelity Blue Chip Value ETF by 72.1% during the third quarter. CWM LLC now owns 6,180 shares of the company’s stock worth $202,000 after purchasing an additional 2,590 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Fidelity Blue Chip Value ETF by 8.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 377,761 shares of the company’s stock worth $11,340,000 after buying an additional 29,320 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in shares of Fidelity Blue Chip Value ETF during the 2nd quarter worth about $2,619,000. Finally, Pacifica Partners Inc. purchased a new position in shares of Fidelity Blue Chip Value ETF in the 2nd quarter valued at about $30,000.

Fidelity Blue Chip Value ETF Stock Down 0.6 %

Shares of BATS FBCV opened at $33.00 on Wednesday. The stock’s fifty day simple moving average is $32.67 and its 200-day simple moving average is $31.45. The firm has a market cap of $136.94 million, a price-to-earnings ratio of 1.85 and a beta of 0.57.

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.