Worth Asset Management LLC Acquires New Stake in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Worth Asset Management LLC bought a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,361 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $30,000. Liberty Wealth Management LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at $343,000. Sachetta LLC boosted its stake in Fidelity Blue Chip Growth ETF by 1,055.9% in the 2nd quarter. Sachetta LLC now owns 26,204 shares of the company’s stock worth $1,043,000 after purchasing an additional 23,937 shares during the period. KFA Private Wealth Group LLC grew its holdings in Fidelity Blue Chip Growth ETF by 392.9% during the 2nd quarter. KFA Private Wealth Group LLC now owns 443,960 shares of the company’s stock valued at $18,842,000 after buying an additional 353,891 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Fidelity Blue Chip Growth ETF by 107.0% during the second quarter. Envestnet Asset Management Inc. now owns 623,186 shares of the company’s stock valued at $26,448,000 after buying an additional 322,190 shares during the period.

Fidelity Blue Chip Growth ETF Stock Down 2.4 %

Shares of FBCG stock traded down $1.14 during trading hours on Wednesday, reaching $47.05. The stock had a trading volume of 631,888 shares. The stock has a 50 day simple moving average of $46.37 and a two-hundred day simple moving average of $43.48. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47.

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.