Commonwealth Equity Services LLC Buys 62,603 Shares of Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO)

Commonwealth Equity Services LLC lifted its position in shares of Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 799,725 shares of the company’s stock after acquiring an additional 62,603 shares during the period. Commonwealth Equity Services LLC owned approximately 5.98% of Fidelity Fundamental Large Cap Growth ETF worth $16,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 88,708 shares of the company’s stock valued at $1,869,000 after buying an additional 4,232 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Fidelity Fundamental Large Cap Growth ETF by 15.4% in the second quarter. Atria Wealth Solutions Inc. now owns 140,320 shares of the company’s stock worth $2,957,000 after acquiring an additional 18,765 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Fidelity Fundamental Large Cap Growth ETF by 4.0% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 165,390 shares of the company’s stock valued at $3,485,000 after purchasing an additional 6,347 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the second quarter valued at about $26,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Fidelity Fundamental Large Cap Growth ETF during the first quarter worth about $836,000.

Fidelity Fundamental Large Cap Growth ETF Price Performance

Shares of FGRO opened at $22.57 on Wednesday. The company has a market cap of $301.99 million, a price-to-earnings ratio of 36.74 and a beta of 1.44. The business’s 50 day moving average is $23.26 and its 200 day moving average is $22.40.

About Fidelity Fundamental Large Cap Growth ETF

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.