Sugar Maple Asset Management LLC Buys Shares of 20,948 Fidelity Blue Chip Growth ETF (BATS:FBCG)

Sugar Maple Asset Management LLC bought a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,948 shares of the company’s stock, valued at approximately $837,000. Fidelity Blue Chip Growth ETF accounts for approximately 0.7% of Sugar Maple Asset Management LLC’s holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in FBCG. Proficio Capital Partners LLC lifted its stake in Fidelity Blue Chip Growth ETF by 3.8% in the fourth quarter. Proficio Capital Partners LLC now owns 6,842 shares of the company’s stock valued at $317,000 after buying an additional 253 shares during the period. Pathway Financial Advisers LLC increased its stake in Fidelity Blue Chip Growth ETF by 29.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 1,211 shares of the company’s stock valued at $56,000 after buying an additional 272 shares during the last quarter. NewEdge Advisors LLC boosted its position in Fidelity Blue Chip Growth ETF by 1.3% in the fourth quarter. NewEdge Advisors LLC now owns 25,274 shares of the company’s stock worth $1,169,000 after purchasing an additional 336 shares during the last quarter. Comerica Bank grew its position in Fidelity Blue Chip Growth ETF by 6.8% during the fourth quarter. Comerica Bank now owns 5,309 shares of the company’s stock valued at $246,000 after buying an additional 337 shares during the period. Finally, Adell Harriman & Carpenter Inc. increased its stake in shares of Fidelity Blue Chip Growth ETF by 1.0% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 33,621 shares of the company’s stock worth $1,555,000 after purchasing an additional 338 shares during the last quarter.

Fidelity Blue Chip Growth ETF Stock Down 0.4%

BATS FBCG opened at $45.67 on Thursday. The firm’s 50-day simple moving average is $41.03 and its two-hundred day simple moving average is $44.25. Fidelity Blue Chip Growth ETF has a 52 week low of $33.57 and a 52 week high of $48.84. The company has a market cap of $4.13 billion, a PE ratio of 35.99 and a beta of 1.31.

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.