Wealthfront Advisers LLC Acquires New Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Wealthfront Advisers LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the fourth quarter, HoldingsChannel reports. The firm acquired 941 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FBCG. PNC Financial Services Group Inc. grew its holdings in Fidelity Blue Chip Growth ETF by 244.5% during the third quarter. PNC Financial Services Group Inc. now owns 34,585 shares of the company’s stock worth $1,479,000 after acquiring an additional 24,546 shares during the period. Sachetta LLC grew its holdings in Fidelity Blue Chip Growth ETF by 1.3% during the third quarter. Sachetta LLC now owns 26,554 shares of the company’s stock worth $1,136,000 after acquiring an additional 350 shares during the period. Meridian Wealth Management LLC acquired a new position in Fidelity Blue Chip Growth ETF during the third quarter worth about $1,211,000. Certified Advisory Corp grew its holdings in Fidelity Blue Chip Growth ETF by 17.6% during the third quarter. Certified Advisory Corp now owns 23,119 shares of the company’s stock worth $989,000 after acquiring an additional 3,468 shares during the period. Finally, FMR LLC grew its holdings in Fidelity Blue Chip Growth ETF by 9.5% during the third quarter. FMR LLC now owns 21,931 shares of the company’s stock worth $938,000 after acquiring an additional 1,911 shares during the period.

Fidelity Blue Chip Growth ETF Stock Down 11.3 %

BATS:FBCG opened at $40.65 on Wednesday. The business’s 50-day moving average price is $45.90 and its 200 day moving average price is $45.02. The firm has a market cap of $3.59 billion, a P/E ratio of 35.21 and a beta of 1.30. Fidelity Blue Chip Growth ETF has a 52-week low of $35.62 and a 52-week high of $48.84.

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.