Essex Financial Services Inc. Increases Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Essex Financial Services Inc. increased its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 48.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,778 shares of the company’s stock after acquiring an additional 3,497 shares during the period. Essex Financial Services Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goodwin Investment Advisory boosted its position in Fidelity Blue Chip Growth ETF by 1.0% during the third quarter. Goodwin Investment Advisory now owns 1,819,315 shares of the company’s stock valued at $52,685,000 after buying an additional 18,281 shares during the period. Commonwealth Equity Services LLC boosted its position in Fidelity Blue Chip Growth ETF by 0.3% during the third quarter. Commonwealth Equity Services LLC now owns 583,742 shares of the company’s stock valued at $16,904,000 after buying an additional 1,583 shares during the period. Kestra Advisory Services LLC boosted its position in Fidelity Blue Chip Growth ETF by 4.2% during the third quarter. Kestra Advisory Services LLC now owns 399,091 shares of the company’s stock valued at $11,557,000 after buying an additional 16,262 shares during the period. MV Capital Management Inc. boosted its position in Fidelity Blue Chip Growth ETF by 2.2% during the fourth quarter. MV Capital Management Inc. now owns 293,252 shares of the company’s stock valued at $9,768,000 after buying an additional 6,364 shares during the period. Finally, HighTower Advisors LLC boosted its position in Fidelity Blue Chip Growth ETF by 36.4% during the third quarter. HighTower Advisors LLC now owns 187,235 shares of the company’s stock valued at $5,422,000 after buying an additional 49,998 shares during the period.

Fidelity Blue Chip Growth ETF Trading Up 1.7 %

Shares of BATS:FBCG opened at $38.28 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 35.45 and a beta of 1.43. The company’s 50 day moving average price is $37.75 and its 200-day moving average price is $34.39.

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.