Fidelity Blue Chip Growth ETF (BATS:FBCG) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $58.64 and traded as low as $57.76. Fidelity Blue Chip Growth ETF shares last traded at $58.40, with a volume of 1,143,631 shares trading hands.

Fidelity Blue Chip Growth ETF Stock Down 3.3%

The stock’s fifty day moving average price is $62.06 and its two-hundred day moving average price is $58.64. The company has a market capitalization of $5.30 billion, a PE ratio of 29.62 and a beta of 1.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the third quarter valued at approximately $119,000. Bfsg LLC bought a new position in shares of Fidelity Blue Chip Growth ETF during the third quarter valued at about $8,331,000. Provenance Wealth Advisors LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the third quarter valued at about $179,000. Summit Wealth Group LLC Co. lifted its stake in shares of Fidelity Blue Chip Growth ETF by 375.0% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 428,557 shares of the company’s stock valued at $27,089,000 after acquiring an additional 338,341 shares during the last quarter. Finally, Certified Advisory Corp purchased a new stake in shares of Fidelity Blue Chip Growth ETF in the third quarter worth $5,281,000.

About Fidelity Blue Chip Growth ETF

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.