Brand Asset Management Group Inc. Makes New $258,000 Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Brand Asset Management Group Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,086 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter worth about $1,033,000. Capital Analysts LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter worth about $52,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 35.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 28,346 shares of the company’s stock worth $944,000 after buying an additional 7,427 shares during the last quarter. CRA Financial Services LLC boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 9.4% in the 4th quarter. CRA Financial Services LLC now owns 12,755 shares of the company’s stock worth $425,000 after buying an additional 1,100 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 80.5% in the 4th quarter. Sigma Planning Corp now owns 20,929 shares of the company’s stock worth $697,000 after buying an additional 9,333 shares during the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of BATS:FBCG traded up $0.51 during midday trading on Monday, reaching $42.11. The company had a trading volume of 691,718 shares. The stock has a 50-day simple moving average of $41.65 and a 200 day simple moving average of $39.36. The stock has a market capitalization of $1.60 billion, a PE ratio of 35.50 and a beta of 1.47.

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.