Adell Harriman & Carpenter Inc. Acquires 338 Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG)

Adell Harriman & Carpenter Inc. boosted its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,621 shares of the company’s stock after acquiring an additional 338 shares during the period. Adell Harriman & Carpenter Inc. owned 0.09% of Fidelity Blue Chip Growth ETF worth $1,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC increased its position in shares of Fidelity Blue Chip Growth ETF by 530.2% during the third quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock valued at $40,000 after buying an additional 790 shares during the period. Synergy Asset Management LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 4th quarter worth approximately $73,000. Stonebridge Financial Group LLC bought a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $95,000. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at approximately $211,000. Finally, Schmidt P J Investment Management Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $214,000.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG opened at $48.48 on Friday. The company has a market capitalization of $1.84 billion, a P/E ratio of 35.50 and a beta of 1.47. The business has a 50-day moving average price of $47.43 and a two-hundred day moving average price of $44.37.

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.