Stonebridge Financial Group LLC Takes $95,000 Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Stonebridge Financial Group LLC bought a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,049 shares of the company’s stock, valued at approximately $95,000.

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

Fidelity Blue Chip Growth ETF Trading Up 3.5 %

Shares of FBCG stock opened at $47.45 on Thursday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The stock has a fifty day simple moving average of $47.43 and a 200 day simple moving average of $44.32.

Fidelity Blue Chip Growth ETF Company 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.