Silver Oak Securities Incorporated Makes New $211,000 Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Silver Oak Securities Incorporated purchased a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,503 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Fidelity Blue Chip Growth ETF by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock worth $130,749,000 after purchasing an additional 311,037 shares during the period. Thrivent Financial for Lutherans raised its holdings in Fidelity Blue Chip Growth ETF by 173.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock worth $80,102,000 after buying an additional 1,187,944 shares during the period. Commonwealth Equity Services LLC raised its holdings in Fidelity Blue Chip Growth ETF by 49.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,871,034 shares of the company’s stock worth $80,024,000 after buying an additional 621,992 shares during the period. KFA Private Wealth Group LLC lifted its stake in Fidelity Blue Chip Growth ETF by 14.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 850,263 shares of the company’s stock valued at $39,333,000 after buying an additional 110,253 shares in the last quarter. Finally, Sowa Financial Group Inc. boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 29.6% in the fourth quarter. Sowa Financial Group Inc. now owns 448,604 shares of the company’s stock worth $20,752,000 after buying an additional 102,517 shares during the period.

Fidelity Blue Chip Growth ETF Price Performance

FBCG stock opened at $47.40 on Monday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The company’s 50-day moving average price is $47.39 and its 200 day moving average price is $44.19.

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.