Truist Financial Corp Sells 12,778 Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG)

Truist Financial Corp trimmed its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 54.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,535 shares of the company’s stock after selling 12,778 shares during the period. Truist Financial Corp’s holdings in Fidelity Blue Chip Growth ETF were worth $447,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBCG. Commonwealth Equity Services LLC lifted its holdings in Fidelity Blue Chip Growth ETF by 9.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,249,042 shares of the company’s stock valued at $53,009,000 after purchasing an additional 112,800 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Fidelity Blue Chip Growth ETF by 16.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 684,917 shares of the company’s stock valued at $29,068,000 after purchasing an additional 98,955 shares during the last quarter. Kowal Investment Group LLC lifted its holdings in Fidelity Blue Chip Growth ETF by 3,427.4% during the 2nd quarter. Kowal Investment Group LLC now owns 659,969 shares of the company’s stock valued at $28,009,000 after purchasing an additional 641,259 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity Blue Chip Growth ETF by 107.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 623,186 shares of the company’s stock valued at $26,448,000 after purchasing an additional 322,190 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Fidelity Blue Chip Growth ETF by 6.2% in the first quarter. Kestra Advisory Services LLC now owns 507,779 shares of the company’s stock worth $19,534,000 after acquiring an additional 29,476 shares during the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of BATS FBCG opened at $43.63 on Thursday. The company has a market capitalization of $1.65 billion, a P/E ratio of 35.50 and a beta of 1.47. The business has a fifty day moving average of $41.66 and a 200-day moving average of $40.69.

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.