Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 52-Week High – Should You Buy?

Fidelity Blue Chip Growth ETF (BATS:FBCGGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.96 and last traded at $60.86, with a volume of 141683 shares. The stock had previously closed at $60.70.

Fidelity Blue Chip Growth ETF Price Performance

The firm’s 50 day moving average price is $53.84 and its 200-day moving average price is $54.19. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

Institutional Investors Weigh In On Fidelity Blue Chip Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of FBCG. Marshall Wace LLP acquired a new stake in Fidelity Blue Chip Growth ETF during the second quarter worth $1,040,000. Raymond James Financial Inc. acquired a new stake in Fidelity Blue Chip Growth ETF during the second quarter worth $203,000. Ausdal Financial Partners Inc. boosted its stake in Fidelity Blue Chip Growth ETF by 23.3% during the second 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 boosted its stake in Fidelity Blue Chip Growth ETF by 29.6% during the second 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 boosted its stake in Fidelity Blue Chip Growth ETF by 55.4% during the second quarter. CLG LLC now owns 90,057 shares of the company’s stock worth $4,344,000 after buying an additional 32,089 shares in the last quarter.

About Fidelity Blue Chip Growth ETF

(Get Free Report)

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.

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