Fidelity Blue Chip Growth ETF (BATS:FBCG) Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 107.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,186 shares of the company’s stock after purchasing an additional 322,190 shares during the period. Envestnet Asset Management Inc. owned about 1.64% of Fidelity Blue Chip Growth ETF worth $26,448,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FBCG. UBS Group AG raised its position in Fidelity Blue Chip Growth ETF by 85.4% during the fourth quarter. UBS Group AG now owns 182,781 shares of the company’s stock valued at $6,088,000 after acquiring an additional 84,218 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Fidelity Blue Chip Growth ETF by 44.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 271,952 shares of the company’s stock valued at $9,059,000 after purchasing an additional 83,339 shares during the last quarter. Per Stirling Capital Management LLC. boosted its holdings in Fidelity Blue Chip Growth ETF by 24.1% in the fourth quarter. Per Stirling Capital Management LLC. now owns 77,070 shares of the company’s stock worth $2,567,000 after purchasing an additional 14,948 shares in the last quarter. Childress Capital Advisors LLC raised its holdings in Fidelity Blue Chip Growth ETF by 82.3% during the fourth quarter. Childress Capital Advisors LLC now owns 170,381 shares of the company’s stock valued at $5,675,000 after buying an additional 76,932 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Fidelity Blue Chip Growth ETF by 1.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 46,910 shares of the company’s stock valued at $1,563,000 after buying an additional 750 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG opened at $42.23 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of 35.50 and a beta of 1.47. The business’s 50-day moving average is $40.85 and its 200-day moving average is $40.10.

Fidelity Blue Chip Growth ETF 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.