Northwestern Mutual Wealth Management Co. Increases Stock Position in Fidelity Blue Chip Value ETF $FBCV

Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Blue Chip Value ETF (BATS:FBCV) by 80,103.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,281 shares of the company’s stock after buying an additional 189,045 shares during the period. Northwestern Mutual Wealth Management Co. owned about 4.82% of Fidelity Blue Chip Value ETF worth $6,752,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Savvy Advisors Inc. purchased a new stake in Fidelity Blue Chip Value ETF during the 4th quarter valued at $2,093,000. CoreCap Advisors LLC lifted its position in shares of Fidelity Blue Chip Value ETF by 15.0% in the 4th quarter. CoreCap Advisors LLC now owns 8,796 shares of the company’s stock worth $314,000 after purchasing an additional 1,148 shares during the period. Florida Financial Advisors LLC lifted its position in shares of Fidelity Blue Chip Value ETF by 49.5% in the 3rd quarter. Florida Financial Advisors LLC now owns 10,348 shares of the company’s stock worth $353,000 after purchasing an additional 3,427 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Blue Chip Value ETF by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock worth $1,120,000 after purchasing an additional 2,679 shares during the period. Finally, Susquehanna International Group LLP lifted its position in shares of Fidelity Blue Chip Value ETF by 21.0% in the 3rd quarter. Susquehanna International Group LLP now owns 19,884 shares of the company’s stock worth $678,000 after purchasing an additional 3,446 shares during the period.

Fidelity Blue Chip Value ETF Trading Up 0.6%

BATS:FBCV opened at $39.05 on Friday. The company has a 50-day moving average price of $37.28 and a 200-day moving average price of $36.64. Fidelity Blue Chip Value ETF has a 12 month low of $31.60 and a 12 month high of $39.15. The stock has a market cap of $153.47 million, a price-to-earnings ratio of 16.12 and a beta of 0.74.

About Fidelity Blue Chip Value ETF

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.