Fidelity Blue Chip Value ETF
FBCV
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Jun 5, 2020
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Blue Chip Value ETF (FBCV) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its assets in blue chip companies—well-known, well-established, and well-capitalized firms with large or medium market capitalizations that Fidelity Management & Research Company LLC (FMR) views as undervalued relative to their assets, sales, earnings, growth potential, cash flow, or peers in the same industry. The fund employs a semi-transparent structure utilizing a daily Tracking Basket to facilitate trading while protecting portfolio details from front-running, distinguishing it from traditional fully transparent ETFs; it maintains a concentrated portfolio of approximately 119 holdings, with top positions including Exxon Mobil Corp (4.15%), Alphabet Inc Class A (3.71%), Bank of America Corp (2.86%), Amazon.com Inc (2.38%), and Travelers Companies Inc (2.20%), representing 24.85% of net assets as of September 30, 2025. Sector allocations emphasize financials (24.18%), industrials (14.67%), health care (10.65%), and energy (8.81%), with 89.04% in domestic equities, 9.34% in developed international markets (primarily United Kingdom and Canada), and a net expense ratio of 0.59%; the fund benchmarks against the Russell 1000 Value Index and is managed by Sean Gavin and Anastasia Zabolotnikova since inception. Launched on June 2, 2020, and listed on Cboe BZX, FBCV is issued by Fidelity Covington Trust and headquartered in Smithfield, Rhode Island, as part of Fidelity Investments' suite of active equity ETFs that pioneered the proxy basket methodology approved by regulators in 2020, with initial servicing provided by State Street. In recent periods through September 30, 2025, the fund executed notable portfolio adjustments amid market volatility from tariff policies and Federal Reserve actions, including sales of managed health care positions Centene Corp and UnitedHealth Group due to earnings pressures and higher patient utilization, reductions in California utilities like PG&E and Edison amid wildfire liability uncertainties, trims in Elanco Animal Health and Keurig Dr Pepper, additions to gold miner Newmont and logistics firms like United Parcel Service, and shifts boosting consumer discretionary exposure while trimming health care overall; these changes aimed to enhance quality franchises with high returns on invested capital, lower beta (0.85), and alignment with intrinsic value convergence. As of that date, assets under management stood at $135.4 million, with a 30-day SEC yield of 1.47% and trailing 12-month price/earnings of 18.08.