MV Capital Management Inc. Cuts Stock Position in Fidelity Blue Chip Growth ETF $FBCG

MV Capital Management Inc. lessened its position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,412 shares of the company’s stock after selling 1,774 shares during the quarter. Fidelity Blue Chip Growth ETF comprises 1.1% of MV Capital Management Inc.’s holdings, making the stock its 27th biggest position. MV Capital Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $10,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its stake in Fidelity Blue Chip Growth ETF by 221.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 756 shares of the company’s stock valued at $36,000 after acquiring an additional 521 shares in the last quarter. Northwest Capital Management Inc purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at $52,000. Russell Investments Group Ltd. acquired a new stake in shares of Fidelity Blue Chip Growth ETF in the 1st quarter worth $64,000. Dagco Inc. purchased a new position in Fidelity Blue Chip Growth ETF during the 1st quarter worth $75,000. Finally, Harbor Asset Planning Inc. purchased a new position in Fidelity Blue Chip Growth ETF during the 2nd quarter worth $132,000.

Fidelity Blue Chip Growth ETF Price Performance

Shares of BATS:FBCG opened at $54.88 on Thursday. The business’s 50-day moving average is $53.73 and its 200 day moving average is $49.56. Fidelity Blue Chip Growth ETF has a 1 year low of $33.57 and a 1 year high of $50.14. The firm has a market capitalization of $4.98 billion, a P/E ratio of 29.62 and a beta of 1.32.

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.