BG Investment Services Inc. Acquires 13,205 Shares of Fidelity Blue Chip Growth ETF $FBCG

BG Investment Services Inc. lifted its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 9.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,318 shares of the company’s stock after purchasing an additional 13,205 shares during the quarter. Fidelity Blue Chip Growth ETF accounts for 9.2% of BG Investment Services Inc.’s portfolio, making the stock its 3rd largest position. BG Investment Services Inc. owned about 0.17% of Fidelity Blue Chip Growth ETF worth $7,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Blue Chip Growth ETF by 16.2% during the 1st quarter. JPMorgan Chase & Co. now owns 9,685,217 shares of the company’s stock valued at $387,118,000 after buying an additional 1,350,071 shares during the period. Dynasty Wealth Management LLC boosted its position in Fidelity Blue Chip Growth ETF by 19.7% during the first quarter. Dynasty Wealth Management LLC now owns 6,679,781 shares of the company’s stock valued at $266,991,000 after purchasing an additional 1,099,765 shares during the last quarter. Jane Street Group LLC purchased a new position in Fidelity Blue Chip Growth ETF in the first quarter valued at about $21,034,000. Commonwealth Equity Services LLC increased its position in Fidelity Blue Chip Growth ETF by 19.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,662,363 shares of the company’s stock worth $106,415,000 after purchasing an additional 429,278 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Fidelity Blue Chip Growth ETF by 169.5% in the 1st quarter. HighTower Advisors LLC now owns 491,162 shares of the company’s stock worth $19,632,000 after purchasing an additional 308,907 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Shares of Fidelity Blue Chip Growth ETF stock opened at $53.63 on Tuesday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The stock has a 50-day simple moving average of $52.48 and a 200-day simple moving average of $47.39. Fidelity Blue Chip Growth ETF has a 52-week low of $33.57 and a 52-week high of $50.14.

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.