Schmidt P J Investment Management Inc. Raises Stake in Fidelity Blue Chip Growth ETF $FBCG

Schmidt P J Investment Management Inc. lifted its holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 65.6% in the third quarter, HoldingsChannel reports. The fund owned 29,385 shares of the company’s stock after buying an additional 11,641 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sagespring Wealth Partners LLC raised its position in Fidelity Blue Chip Growth ETF by 0.6% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 6,228,360 shares of the company’s stock worth $300,456,000 after purchasing an additional 34,333 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 8.6% in the second quarter. Commonwealth Equity Services LLC now owns 2,892,574 shares of the company’s stock worth $139,538,000 after buying an additional 230,211 shares during the period. Thrivent Financial for Lutherans bought a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter worth $76,807,000. Bank of America Corp DE boosted its stake in Fidelity Blue Chip Growth ETF by 9.5% during the second quarter. Bank of America Corp DE now owns 1,523,298 shares of the company’s stock worth $73,484,000 after acquiring an additional 132,777 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 2.1% during the second quarter. MML Investors Services LLC now owns 1,158,247 shares of the company’s stock valued at $55,874,000 after purchasing an additional 23,767 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $55.72 on Tuesday. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The firm has a 50 day moving average price of $54.54 and a 200-day moving average price of $52.67. 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 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.