MV Capital Management Inc. Purchases New Stake in Fidelity Blue Chip Growth ETF $FBCG

MV Capital Management Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 204,323 shares of the company’s stock, valued at approximately $11,205,000. Fidelity Blue Chip Growth ETF comprises 1.1% of MV Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. MV Capital Management Inc. owned 0.23% of Fidelity Blue Chip Growth ETF at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter valued at about $1,040,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at about $203,000. Ausdal Financial Partners Inc. grew its position in shares of Fidelity Blue Chip Growth ETF by 23.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 6,195 shares of the company’s stock valued at $299,000 after buying an additional 1,172 shares during the last quarter. Florida Financial Advisors LLC raised its stake in Fidelity Blue Chip Growth ETF by 29.6% during the second quarter. Florida Financial Advisors LLC now owns 10,001 shares of the company’s stock worth $482,000 after acquiring an additional 2,285 shares during the period. Finally, CLG LLC raised its stake in Fidelity Blue Chip Growth ETF by 55.4% during the second quarter. CLG LLC now owns 90,057 shares of the company’s stock worth $4,344,000 after acquiring an additional 32,089 shares during the period.

Fidelity Blue Chip Growth ETF Stock Up 2.2%

Shares of BATS FBCG opened at $62.72 on Friday. The firm’s 50-day moving average price is $59.88 and its two-hundred day moving average price is $55.76. Fidelity Blue Chip Growth ETF has a 52-week low of $45.20 and a 52-week high of $64.32. The stock has a market capitalization of $5.69 billion, a P/E ratio of 29.62 and a beta of 1.32.

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.