Arwa LLC Acquires Shares of 175,006 Fidelity Blue Chip Growth ETF $FBCG

Arwa LLC bought a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 175,006 shares of the company’s stock, valued at approximately $9,597,000. Fidelity Blue Chip Growth ETF comprises approximately 5.6% of Arwa LLC’s holdings, making the stock its 3rd largest holding.

Several other hedge funds have also made changes to their positions in FBCG. Arax Advisory Partners purchased a new position in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth about $35,000. NBC Securities Inc. acquired a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth approximately $35,000. Royal Bank of Canada lifted its position in Fidelity Blue Chip Growth ETF by 104.0% during the 4th quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock worth $61,000 after acquiring an additional 567 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at approximately $62,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at approximately $70,000.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $62.72 on Friday. Fidelity Blue Chip Growth ETF has a 12-month low of $45.20 and a 12-month high of $64.32. The stock’s 50 day simple moving average is $60.07 and its 200-day simple moving average is $55.81. The firm has a market cap of $5.69 billion, a P/E ratio of 29.62 and a beta of 1.32.

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.