Fidelity Blue Chip Growth ETF (BATS:FBCG) Reaches New 1-Year High – What’s Next?

Fidelity Blue Chip Growth ETF (BATS:FBCG)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $64.34 and last traded at $64.24, with a volume of 117409 shares traded. The stock had previously closed at $63.78.

Fidelity Blue Chip Growth ETF Trading Up 0.5%

The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The stock’s 50 day moving average is $61.38 and its 200 day moving average is $59.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Align Financial LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth about $845,406,000. Storgate LLC purchased a new position in Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $31,827,000. JPMorgan Chase & Co. increased its stake in Fidelity Blue Chip Growth ETF by 4.9% in the 4th 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 during the period. Dynasty Wealth Management LLC lifted its position in Fidelity Blue Chip Growth ETF by 6.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,442,209 shares of the company’s stock worth $408,131,000 after buying an additional 431,140 shares in the last quarter. Finally, Clarity Retirement & Wealth LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $19,857,000.

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.