Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 1-Year High – Here’s Why

Fidelity Blue Chip Growth ETF (BATS:FBCG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $59.50 and last traded at $59.31, with a volume of 79354 shares traded. The stock had previously closed at $58.78.

Fidelity Blue Chip Growth ETF Stock Performance

The business has a fifty day moving average price of $53.43 and a 200 day moving average price of $54.04. The company has a market capitalization of $5.40 billion, a PE ratio of 29.62 and a beta of 1.32.

Institutional Investors Weigh In On Fidelity Blue Chip Growth ETF

A number of large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in shares of Fidelity Blue Chip Growth ETF by 369.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,107 shares of the company’s stock valued at $507,000 after buying an additional 7,952 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Fidelity Blue Chip Growth ETF by 5.1% in the first quarter. Sigma Planning Corp now owns 124,060 shares of the company’s stock valued at $6,218,000 after buying an additional 6,031 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its stake in shares of Fidelity Blue Chip Growth ETF by 2.4% in the first quarter. Adell Harriman & Carpenter Inc. now owns 41,756 shares of the company’s stock valued at $2,093,000 after buying an additional 984 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the 1st quarter valued at approximately $300,000. Finally, Castleview Partners LLC grew its position in shares of Fidelity Blue Chip Growth ETF by 58.8% in the 1st quarter. Castleview Partners LLC now owns 9,330 shares of the company’s stock worth $468,000 after acquiring an additional 3,455 shares in the last quarter.

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.