Envestnet Asset Management Inc. Increases Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Envestnet Asset Management Inc. raised its holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 29.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 577,346 shares of the company’s stock after purchasing an additional 130,281 shares during the quarter. Envestnet Asset Management Inc. owned 0.64% of Fidelity Blue Chip Growth ETF worth $23,077,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 3.8% during the 4th quarter. Proficio Capital Partners LLC now owns 6,842 shares of the company’s stock worth $317,000 after acquiring an additional 253 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 1.3% during the 4th quarter. NewEdge Advisors LLC now owns 25,274 shares of the company’s stock worth $1,169,000 after acquiring an additional 336 shares in the last quarter. Comerica Bank boosted its stake in shares of Fidelity Blue Chip Growth ETF by 6.8% during the 4th quarter. Comerica Bank now owns 5,309 shares of the company’s stock worth $246,000 after acquiring an additional 337 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Fidelity Blue Chip Growth ETF by 10.7% during the 1st quarter. Silver Oak Securities Incorporated now owns 4,987 shares of the company’s stock worth $200,000 after acquiring an additional 484 shares in the last quarter. Finally, United Advisor Group LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 10.8% during the 1st quarter. United Advisor Group LLC now owns 5,461 shares of the company’s stock worth $218,000 after acquiring an additional 534 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Up 6.8%

FBCG opened at $48.95 on Wednesday. Fidelity Blue Chip Growth ETF has a twelve month low of $33.57 and a twelve month high of $49.27. The company has a 50-day moving average price of $45.89 and a 200 day moving average price of $44.30. The company has a market cap of $4.44 billion, a PE ratio of 29.62 and a beta of 1.32.

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.