Fidelity Blue Chip Growth ETF (BATS:FBCG) Reaches New 12-Month High – Should You Buy?
by Doug Wharley · The Cerbat GemFidelity Blue Chip Growth ETF (BATS:FBCG – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $56.54 and last traded at $56.54, with a volume of 94425 shares. The stock had previously closed at $56.10.
Fidelity Blue Chip Growth ETF Stock Up 0.8%
The stock has a fifty day moving average of $52.28 and a 200-day moving average of $53.68. The stock has a market cap of $5.13 billion, a PE ratio of 29.62 and a beta of 1.32.
Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in FBCG. Align Financial LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth about $845,406,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Blue Chip Growth ETF by 249.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock worth $127,531,000 after buying an additional 1,660,026 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Blue Chip Growth ETF by 27.3% during the third quarter. Dynasty Wealth Management LLC now owns 7,011,069 shares of the company’s stock worth $376,214,000 after buying an additional 1,503,658 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Fidelity Blue Chip Growth ETF by 405.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock worth $79,975,000 after buying an additional 1,169,960 shares during the last quarter. Finally, FIL Ltd purchased a new position in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth about $57,382,000.
About Fidelity Blue Chip Growth ETF
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.