Fidelity Blue Chip Growth ETF (BATS:FBCG) Reaches New 12-Month High – Here’s What Happened

Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.29 and last traded at $62.04, with a volume of 70309 shares trading hands. The stock had previously closed at $62.08.

Fidelity Blue Chip Growth ETF Price Performance

The stock has a 50-day moving average of $56.41 and a 200-day moving average of $54.88. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

Institutional Trading of Fidelity Blue Chip Growth ETF

Several large investors have recently modified their holdings of FBCG. Align Financial LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the 4th quarter valued at approximately $845,406,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Blue Chip Growth ETF by 4.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,760,021 shares of the company’s stock worth $535,240,000 after buying an additional 452,011 shares in the last quarter. Dynasty Wealth Management LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 6.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 7,442,209 shares of the company’s stock worth $408,131,000 after buying an additional 431,140 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Blue Chip Growth ETF by 249.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock valued at $127,531,000 after acquiring an additional 1,660,026 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Fidelity Blue Chip Growth ETF by 2.1% in the 3rd quarter. Bank of America Corp DE now owns 1,555,385 shares of the company’s stock valued at $83,462,000 after acquiring an additional 32,087 shares during the last quarter.

About Fidelity Blue Chip Growth ETF

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.