Traynor Capital Management Inc. Increases Stock Holdings in Fidelity Blue Chip Growth ETF $FBCG

Traynor Capital Management Inc. boosted its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 31.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,328 shares of the company’s stock after purchasing an additional 12,620 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $2,870,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dynasty Wealth Management LLC increased its position in shares of Fidelity Blue Chip Growth ETF by 27.3% during the third quarter. Dynasty Wealth Management LLC now owns 7,011,069 shares of the company’s stock valued at $376,214,000 after buying an additional 1,503,658 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Fidelity Blue Chip Growth ETF in the second quarter worth about $2,551,000. Fifth Third Securities Inc. lifted its holdings in Fidelity Blue Chip Growth ETF by 374.9% in the third quarter. Fifth Third Securities Inc. now owns 64,801 shares of the company’s stock worth $3,477,000 after buying an additional 51,155 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Fidelity Blue Chip Growth ETF during the 3rd quarter valued at approximately $4,998,000. Finally, D.A. Davidson & CO. bought a new stake in Fidelity Blue Chip Growth ETF during the 3rd quarter valued at approximately $935,000.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $51.12 on Thursday. Fidelity Blue Chip Growth ETF has a fifty-two week low of $33.57 and a fifty-two week high of $56.50. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The business’s 50 day moving average price is $53.16 and its two-hundred day moving average price is $53.82.

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.