Sovran Advisors LLC Buys New Shares in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Sovran Advisors LLC acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 46,414 shares of the company’s stock, valued at approximately $2,128,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBCG. JPMorgan Chase & Co. boosted its holdings in Fidelity Blue Chip Growth ETF by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock valued at $130,749,000 after acquiring an additional 311,037 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Fidelity Blue Chip Growth ETF by 173.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock valued at $80,102,000 after purchasing an additional 1,187,944 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Fidelity Blue Chip Growth ETF by 49.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,871,034 shares of the company’s stock worth $80,024,000 after acquiring an additional 621,992 shares during the period. KFA Private Wealth Group LLC grew its holdings in Fidelity Blue Chip Growth ETF by 14.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 850,263 shares of the company’s stock valued at $39,333,000 after purchasing an additional 110,253 shares during the period. Finally, Sowa Financial Group Inc. increased its holdings in Fidelity Blue Chip Growth ETF by 29.6% in the 4th quarter. Sowa Financial Group Inc. now owns 448,604 shares of the company’s stock worth $20,752,000 after acquiring an additional 102,517 shares during the last quarter.

Fidelity Blue Chip Growth ETF Stock Up 4.2 %

Fidelity Blue Chip Growth ETF stock opened at $47.77 on Tuesday. The stock has a 50 day moving average of $47.39 and a two-hundred day moving average of $44.22. The company has a market capitalization of $1.81 billion, a price-to-earnings 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.