Mutual Advisors LLC Buys 490 Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG)

Mutual Advisors LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 44,725 shares of the company’s stock after acquiring an additional 490 shares during the period. Mutual Advisors LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $2,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FBCG. Renaissance Technologies LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 2nd quarter worth about $1,846,000. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Blue Chip Growth ETF by 16.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 217,876 shares of the company’s stock worth $9,247,000 after acquiring an additional 30,887 shares during the last quarter. NewEdge Advisors LLC lifted its position in Fidelity Blue Chip Growth ETF by 137.2% during the 2nd quarter. NewEdge Advisors LLC now owns 23,908 shares of the company’s stock valued at $1,015,000 after purchasing an additional 13,828 shares during the period. Sunbelt Securities Inc. lifted its position in Fidelity Blue Chip Growth ETF by 7.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 30,495 shares of the company’s stock valued at $1,294,000 after purchasing an additional 2,004 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Fidelity Blue Chip Growth ETF by 19.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 54,990 shares of the company’s stock valued at $2,334,000 after purchasing an additional 8,830 shares during the period.

Fidelity Blue Chip Growth ETF Trading Up 5.6 %

Fidelity Blue Chip Growth ETF stock opened at $48.41 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 35.50 and a beta of 1.47. The company’s 50-day simple moving average is $46.92 and its 200-day simple moving average is $43.83.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.