Savvy Advisors Inc. Invests $2.98 Million in Fidelity Blue Chip Growth ETF $FBCG

Savvy Advisors Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 54,285 shares of the company’s stock, valued at approximately $2,977,000. Savvy Advisors Inc. owned 0.06% of Fidelity Blue Chip Growth ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FBCG. Marshall Wace LLP bought a new stake in shares of Fidelity Blue Chip Growth ETF during the second quarter valued at approximately $1,040,000. Goodwin Investment Advisory increased its holdings in Fidelity Blue Chip Growth ETF by 46.2% in the 2nd quarter. Goodwin Investment Advisory now owns 938,001 shares of the company’s stock valued at $45,249,000 after acquiring an additional 296,321 shares during the last quarter. Broadleaf Partners LLC lifted its stake in Fidelity Blue Chip Growth ETF by 14.9% in the 2nd quarter. Broadleaf Partners LLC now owns 136,407 shares of the company’s stock worth $6,580,000 after purchasing an additional 17,648 shares in the last quarter. Menora Mivtachim Holdings LTD. boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 56.5% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 108,710 shares of the company’s stock valued at $5,244,000 after purchasing an additional 39,260 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at about $203,000.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of FBCG stock opened at $50.97 on Monday. Fidelity Blue Chip Growth ETF has a 12-month low of $33.57 and a 12-month high of $56.50. The stock’s 50-day moving average price is $52.49 and its 200-day moving average price is $53.69. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

Fidelity Blue Chip Growth ETF Profile

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.