Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 12-Month High – Time to Buy?

Fidelity Blue Chip Growth ETF (BATS:FBCG)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $62.29 and last traded at $62.04, with a volume of 70309 shares. The stock had previously closed at $62.08.

Fidelity Blue Chip Growth ETF Trading Down 0.1%

The firm’s 50 day moving average is $55.99 and its two-hundred day moving average is $54.76. The firm has a market cap of $5.63 billion, a P/E ratio of 29.62 and a beta of 1.32.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Align Financial LLC bought a new position in Fidelity Blue Chip Growth ETF in the fourth quarter valued at approximately $845,406,000. JPMorgan Chase & Co. lifted its stake in Fidelity Blue Chip Growth ETF by 4.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,760,021 shares of the company’s stock valued at $535,240,000 after buying an additional 452,011 shares in the last quarter. Dynasty Wealth Management LLC lifted its stake in Fidelity Blue Chip Growth ETF by 6.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,442,209 shares of the company’s stock valued at $408,131,000 after buying an additional 431,140 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Blue Chip Growth ETF by 249.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock valued at $127,531,000 after purchasing an additional 1,660,026 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Fidelity Blue Chip Growth ETF by 2.1% in the third quarter. Bank of America Corp DE now owns 1,555,385 shares of the company’s stock valued at $83,462,000 after purchasing an additional 32,087 shares during the last quarter.

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.