Traynor Capital Management Inc. Buys New Shares in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Traynor Capital Management Inc. bought a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,765 shares of the company’s stock, valued at approximately $2,724,000. Traynor Capital Management Inc. owned 0.56% of Fidelity Blue Chip Growth ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FBCG. Money Concepts Capital Corp bought a new position in Fidelity Blue Chip Growth ETF in the 4th quarter valued at about $48,000. FMR LLC boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 139.4% during the third quarter. FMR LLC now owns 3,273 shares of the company’s stock worth $95,000 after purchasing an additional 1,906 shares during the period. Sunbelt Securities Inc. acquired a new stake in Fidelity Blue Chip Growth ETF in the second quarter valued at approximately $96,000. Avior Wealth Management LLC lifted its stake in Fidelity Blue Chip Growth ETF by 250.0% in the third quarter. Avior Wealth Management LLC now owns 3,500 shares of the company’s stock valued at $101,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Fidelity Blue Chip Growth ETF by 120.7% in the fourth quarter. Bank of America Corp DE now owns 6,195 shares of the company’s stock valued at $131,000 after acquiring an additional 3,388 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Shares of BATS:FBCG traded down $0.04 during trading on Thursday, reaching $38.54. The stock had a trading volume of 339,967 shares. The firm’s 50 day moving average is $36.78 and its two-hundred day moving average is $32.99. The stock has a market capitalization of $564.61 million, a price-to-earnings ratio of 22.29 and a beta of 1.31.

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.