MV Capital Management Inc. Decreases Stake in Fidelity Blue Chip Growth ETF (BATS:FBCG)

MV Capital Management Inc. cut its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,327 shares of the company’s stock after selling 47,254 shares during the quarter. Fidelity Blue Chip Growth ETF makes up approximately 1.2% of MV Capital Management Inc.’s portfolio, making the stock its 27th largest holding. MV Capital Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $10,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBCG. JPMorgan Chase & Co. raised its position in shares of Fidelity Blue Chip Growth ETF by 172.7% in the fourth quarter. JPMorgan Chase & Co. now owns 8,335,146 shares of the company’s stock valued at $385,584,000 after purchasing an additional 5,278,130 shares during the period. Dynasty Wealth Management LLC purchased a new position in Fidelity Blue Chip Growth ETF in the 4th quarter valued at approximately $258,132,000. Commonwealth Equity Services LLC grew its stake in Fidelity Blue Chip Growth ETF by 19.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,233,085 shares of the company’s stock valued at $103,303,000 after buying an additional 362,051 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Fidelity Blue Chip Growth ETF by 5.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,967,967 shares of the company’s stock valued at $91,038,000 after acquiring an additional 95,106 shares during the period. Finally, KFA Private Wealth Group LLC lifted its position in shares of Fidelity Blue Chip Growth ETF by 14.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 850,263 shares of the company’s stock worth $39,333,000 after acquiring an additional 110,253 shares in the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Fidelity Blue Chip Growth ETF stock opened at $40.13 on Friday. The firm has a market capitalization of $3.55 billion, a P/E ratio of 35.99 and a beta of 1.30. Fidelity Blue Chip Growth ETF has a one year low of $35.62 and a one year high of $48.84. The business has a fifty day moving average price of $45.10 and a 200-day moving average price of $45.04.

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.