Synergy Asset Management LLC Acquires New Shares in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Synergy Asset Management LLC bought a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,712 shares of the company’s stock, valued at approximately $73,000.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in Fidelity Blue Chip Growth ETF by 530.2% in the third quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock valued at $40,000 after purchasing an additional 790 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF in the 3rd quarter valued at $70,000. Inspirion Wealth Advisors LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at $216,000. Arkadios Wealth Advisors bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at $216,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth $301,000.

Fidelity Blue Chip Growth ETF Stock Performance

BATS FBCG opened at $47.76 on Friday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The stock’s 50 day simple moving average is $47.13 and its 200-day simple moving average is $43.94.

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.