41,730 Shares in Fidelity Blue Chip Growth ETF $FBCG Bought by Independent Financial Group LLC

Independent Financial Group LLC acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 41,730 shares of the company’s stock, valued at approximately $2,092,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBCG. Arax Advisory Partners purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth about $35,000. NBC Securities Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the fourth quarter valued at about $35,000. Meramec Financial Planners LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the 1st quarter valued at approximately $51,000. Royal Bank of Canada grew its stake in Fidelity Blue Chip Growth ETF by 104.0% during the 4th 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter valued at approximately $62,000.

Fidelity Blue Chip Growth ETF Stock Down 1.3%

FBCG stock opened at $59.97 on Friday. The stock’s 50 day moving average is $61.50 and its two-hundred day moving average is $56.71. Fidelity Blue Chip Growth ETF has a 52-week low of $47.60 and a 52-week high of $64.32. The company has a market capitalization of $5.44 billion, a PE ratio of 29.62 and a beta of 1.32.

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.