Fidelity Blue Chip Growth ETF (BATS:FBCG) Stock Breaks Below 200-Day Moving Average – Here’s Why

Fidelity Blue Chip Growth ETF (BATS:FBCG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $58.64 and traded as low as $57.76. Fidelity Blue Chip Growth ETF shares last traded at $58.40, with a volume of 1,143,631 shares changing hands.

Fidelity Blue Chip Growth ETF Trading Down 3.3%

The firm has a market cap of $5.30 billion, a P/E ratio of 29.62 and a beta of 1.32. The business’s 50-day moving average is $62.06 and its two-hundred day moving average is $58.64.

Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. KFA Private Wealth Group LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the 3rd quarter worth approximately $67,022,000. BG Investment Services LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 3rd quarter worth approximately $29,725,000. Summit Wealth Group LLC Co. boosted its position in Fidelity Blue Chip Growth ETF by 375.0% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 428,557 shares of the company’s stock valued at $27,089,000 after purchasing an additional 338,341 shares during the period. Copper Harbor Investment Advisors LLC acquired a new position in Fidelity Blue Chip Growth ETF during the 3rd quarter valued at approximately $19,625,000. Finally, Cetera Investment Advisers boosted its position in Fidelity Blue Chip Growth ETF by 26.4% during the 1st quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock valued at $71,769,000 after purchasing an additional 298,784 shares during the period.

About Fidelity Blue Chip Growth ETF

(Get Free Report)

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.

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