Commonwealth Equity Services LLC Has $7.41 Million Stake in Fidelity Growth Opportunities ETF (BATS:FGRO)

Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Growth Opportunities ETF (BATS:FGRO) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,775 shares of the company’s stock after purchasing an additional 26,557 shares during the period. Commonwealth Equity Services LLC owned 11.64% of Fidelity Growth Opportunities ETF worth $7,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FGRO. BKA Wealth Consulting Inc. acquired a new stake in Fidelity Growth Opportunities ETF during the 1st quarter valued at $2,215,000. Citadel Advisors LLC acquired a new stake in Fidelity Growth Opportunities ETF in the 3rd quarter valued at about $616,000. Atria Wealth Solutions Inc. increased its position in Fidelity Growth Opportunities ETF by 224.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,918 shares of the company’s stock valued at $835,000 after acquiring an additional 45,610 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Fidelity Growth Opportunities ETF in the 4th quarter valued at about $454,000. Finally, Financial Management Network Inc. increased its position in Fidelity Growth Opportunities ETF by 28.7% in the 4th quarter. Financial Management Network Inc. now owns 132,226 shares of the company’s stock valued at $1,659,000 after acquiring an additional 29,474 shares in the last quarter.

Fidelity Growth Opportunities ETF Price Performance

BATS FGRO opened at $17.26 on Thursday. The company has a 50 day moving average price of $17.03 and a two-hundred day moving average price of $15.61. The firm has a market cap of $74.56 million, a PE ratio of 0.75 and a beta of 1.19.

Fidelity Growth Opportunities ETF Profile

The Fidelity Growth Opportunities ETF (FGRO) is an exchange-traded fund that is based on the Russell 1000 Growth TR USD index. The fund is an actively-managed, non-transparent ETF that invests in growth stocks from domestic and foreign issuers. Stocks are selected based on fundamental factors FGRO was launched on Feb 2, 2021 and is managed by Fidelity.