SMI Advisory Services LLC Raises Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

SMI Advisory Services LLC lifted its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 195,189 shares of the company’s stock after acquiring an additional 7,016 shares during the period. Fidelity Blue Chip Growth ETF makes up about 2.1% of SMI Advisory Services LLC’s portfolio, making the stock its 15th biggest holding. SMI Advisory Services LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $8,996,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Fidelity Blue Chip Growth ETF by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock valued at $130,749,000 after buying an additional 311,037 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Fidelity Blue Chip Growth ETF by 173.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock valued at $80,102,000 after acquiring an additional 1,187,944 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Blue Chip Growth ETF by 49.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,871,034 shares of the company’s stock valued at $80,024,000 after acquiring an additional 621,992 shares in the last quarter. KFA Private Wealth Group LLC lifted its holdings in Fidelity Blue Chip Growth ETF by 66.7% in the 3rd quarter. KFA Private Wealth Group LLC now owns 740,010 shares of the company’s stock worth $31,650,000 after buying an additional 296,050 shares in the last quarter. Finally, Sowa Financial Group Inc. lifted its holdings in Fidelity Blue Chip Growth ETF by 29.6% in the 4th quarter. Sowa Financial Group Inc. now owns 448,604 shares of the company’s stock worth $20,752,000 after buying an additional 102,517 shares in the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Shares of FBCG stock opened at $48.56 on Thursday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The business has a 50 day moving average price of $46.81 and a two-hundred day moving average price of $43.77.

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.