Schmidt P J Investment Management Inc. Makes New Investment in Fidelity Blue Chip Growth ETF $FBCG

Schmidt P J Investment Management Inc. bought a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 15,950 shares of the company’s stock, valued at approximately $1,008,000.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Blue Chip Growth ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,859,109 shares of the company’s stock valued at $177,579,000 after acquiring an additional 187,169 shares during the period. Cetera Investment Advisers grew its position in shares of Fidelity Blue Chip Growth ETF by 26.4% during the first quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock worth $71,769,000 after acquiring an additional 298,784 shares during the last quarter. KFA Private Wealth Group LLC bought a new position in shares of Fidelity Blue Chip Growth ETF during the third quarter worth about $67,022,000. PNC Financial Services Group Inc. increased its holdings in shares of Fidelity Blue Chip Growth ETF by 16.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 650,024 shares of the company’s stock worth $32,579,000 after acquiring an additional 89,959 shares during the period. Finally, Capital Analysts LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 26.8% in the 2nd quarter. Capital Analysts LLC now owns 578,034 shares of the company’s stock worth $35,902,000 after acquiring an additional 122,188 shares during the period.

Fidelity Blue Chip Growth ETF Stock Up 0.7%

Shares of BATS:FBCG opened at $58.69 on Thursday. The company has a market cap of $5.33 billion, a PE ratio of 29.62 and a beta of 1.32. The company’s 50-day moving average price is $61.87 and its 200 day moving average price is $58.68. Fidelity Blue Chip Growth ETF has a fifty-two week low of $47.60 and a fifty-two week high of $65.17.

Fidelity Blue Chip Growth ETF 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.