Adell Harriman & Carpenter Inc. Boosts Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Adell Harriman & Carpenter Inc. lifted its holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,266 shares of the company’s stock after acquiring an additional 288 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Traynor Capital Management Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $2,724,000. Childress Capital Advisors LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 376.8% during the third quarter. Childress Capital Advisors LLC now owns 93,449 shares of the company’s stock valued at $2,706,000 after acquiring an additional 73,849 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Fidelity Blue Chip Growth ETF by 36.4% in the third quarter. HighTower Advisors LLC now owns 187,235 shares of the company’s stock valued at $5,422,000 after acquiring an additional 49,998 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Fidelity Blue Chip Growth ETF by 295.3% during the 3rd quarter. Avantax Advisory Services Inc. now owns 57,735 shares of the company’s stock valued at $1,672,000 after purchasing an additional 43,129 shares during the period. Finally, Raymond James & Associates bought a new position in Fidelity Blue Chip Growth ETF in the 4th quarter worth $1,033,000.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock traded down $0.01 on Tuesday, reaching $37.67. 294,438 shares of the company traded hands. The firm’s 50 day simple moving average is $37.69 and its two-hundred day simple moving average is $34.29. The company has a market cap of $1.43 billion, a P/E ratio of 35.45 and a beta of 1.43.

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.