Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 12-Month High – Here’s Why

Fidelity Blue Chip Growth ETF (BATS:FBCG)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $56.54 and last traded at $56.54, with a volume of 94425 shares trading hands. The stock had previously closed at $56.10.

Fidelity Blue Chip Growth ETF Stock Up 0.2%

The business’s 50 day simple moving average is $52.45 and its two-hundred day simple moving average is $53.73. The stock has a market cap of $5.16 billion, a P/E ratio of 29.62 and a beta of 1.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Investment Advisory Group LLC raised its position in Fidelity Blue Chip Growth ETF by 1.1% in the third quarter. Investment Advisory Group LLC now owns 17,910 shares of the company’s stock valued at $961,000 after purchasing an additional 188 shares during the last quarter. Base Wealth Management LLC raised its position in Fidelity Blue Chip Growth ETF by 5.5% in the fourth quarter. Base Wealth Management LLC now owns 4,088 shares of the company’s stock valued at $224,000 after purchasing an additional 214 shares during the last quarter. Fort Sheridan Advisors LLC raised its position in Fidelity Blue Chip Growth ETF by 5.5% in the fourth quarter. Fort Sheridan Advisors LLC now owns 5,144 shares of the company’s stock valued at $282,000 after purchasing an additional 269 shares during the last quarter. Centurion Wealth Management LLC raised its position in Fidelity Blue Chip Growth ETF by 0.8% in the third quarter. Centurion Wealth Management LLC now owns 37,155 shares of the company’s stock valued at $1,994,000 after purchasing an additional 307 shares during the last quarter. Finally, Avaii Wealth Management LLC raised its position in Fidelity Blue Chip Growth ETF by 1.5% in the fourth quarter. Avaii Wealth Management LLC now owns 20,330 shares of the company’s stock valued at $1,115,000 after purchasing an additional 309 shares during the last quarter.

Fidelity Blue Chip Growth ETF Company 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.