Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 1-Year High – Here’s Why

Fidelity Blue Chip Growth ETF (BATS:FBCG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $59.50 and last traded at $59.31, with a volume of 79354 shares changing hands. The stock had previously closed at $58.78.

Fidelity Blue Chip Growth ETF Stock Up 1.2%

The company has a market cap of $5.40 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The company has a fifty day simple moving average of $53.43 and a two-hundred day simple moving average of $54.04.

Institutional Trading of Fidelity Blue Chip Growth ETF

Several large investors have recently bought and sold shares of FBCG. Align Financial LLC acquired a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $845,406,000. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Blue Chip Growth ETF by 249.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock valued at $127,531,000 after purchasing an additional 1,660,026 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in Fidelity Blue Chip Growth ETF by 27.3% in the third quarter. Dynasty Wealth Management LLC now owns 7,011,069 shares of the company’s stock valued at $376,214,000 after purchasing an additional 1,503,658 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity Blue Chip Growth ETF by 405.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock valued at $79,975,000 after acquiring an additional 1,169,960 shares during the last quarter. Finally, FIL Ltd acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at $57,382,000.

Fidelity Blue Chip Growth ETF Company 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.