Northwestern Mutual Wealth Management Co. Raises Stock Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,876 shares of the company’s stock after buying an additional 30,887 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.57% of Fidelity Blue Chip Growth ETF worth $9,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FBCG. Mark Sheptoff Financial Planning LLC increased its position in shares of Fidelity Blue Chip Growth ETF by 33.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,786 shares of the company’s stock worth $69,000 after purchasing an additional 443 shares in the last quarter. IAG Wealth Partners LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at $28,000. Harbor Investment Advisory LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 11.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 6,850 shares of the company’s stock worth $264,000 after acquiring an additional 700 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Fidelity Blue Chip Growth ETF by 1.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 46,910 shares of the company’s stock valued at $1,563,000 after acquiring an additional 750 shares during the last quarter.

Fidelity Blue Chip Growth ETF Trading Down 1.5 %

Fidelity Blue Chip Growth ETF stock opened at $42.13 on Wednesday. The stock’s 50-day moving average price is $40.87 and its 200-day moving average price is $40.35. The firm has a market capitalization of $1.60 billion, a PE ratio of 35.50 and a beta of 1.47.

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.