Mitchell Mcleod Pugh & Williams Inc. Acquires 21,111 Shares of Fidelity Blue Chip Growth ETF $FBCG

Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 13.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 174,305 shares of the company’s stock after acquiring an additional 21,111 shares during the period. Fidelity Blue Chip Growth ETF comprises about 1.3% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 16th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $8,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arax Advisory Partners purchased a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter valued at about $35,000. NBC Securities Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $35,000. Royal Bank of Canada lifted its position in Fidelity Blue Chip Growth ETF by 104.0% in the fourth quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock valued at $61,000 after purchasing an additional 567 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at approximately $62,000. Finally, Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $70,000.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of Fidelity Blue Chip Growth ETF stock opened at $62.11 on Wednesday. The company’s 50 day moving average price is $60.80 and its 200-day moving average price is $56.10. Fidelity Blue Chip Growth ETF has a 52-week low of $47.49 and a 52-week high of $64.32. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

About Fidelity Blue Chip Growth ETF

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.