Fidelity Blue Chip Growth ETF $FBCG Shares Acquired by POM Investment Strategies LLC

POM Investment Strategies LLC increased its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 107.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,716 shares of the company’s stock after acquiring an additional 10,739 shares during the period. Fidelity Blue Chip Growth ETF comprises 1.5% of POM Investment Strategies LLC’s holdings, making the stock its 13th largest position. POM Investment Strategies LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FBCG. Marshall Wace LLP acquired a new stake in Fidelity Blue Chip Growth ETF in the second quarter worth $1,040,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF during the second quarter worth approximately $203,000. Ausdal Financial Partners Inc. grew its holdings in Fidelity Blue Chip Growth ETF by 23.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 6,195 shares of the company’s stock worth $299,000 after buying an additional 1,172 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in Fidelity Blue Chip Growth ETF by 29.6% in the 2nd quarter. Florida Financial Advisors LLC now owns 10,001 shares of the company’s stock worth $482,000 after buying an additional 2,285 shares in the last quarter. Finally, CLG LLC increased its position in Fidelity Blue Chip Growth ETF by 55.4% in the 2nd quarter. CLG LLC now owns 90,057 shares of the company’s stock valued at $4,344,000 after acquiring an additional 32,089 shares during the period.

Fidelity Blue Chip Growth ETF Trading Up 0.4%

FBCG stock opened at $62.36 on Friday. The firm’s 50-day moving average is $61.33 and its two-hundred day moving average is $58.34. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 52 week low of $47.60 and a 52 week high of $64.32.

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.