Cedar Mountain Advisors LLC Invests $549,000 in Fidelity Blue Chip Growth ETF $FBCG

Cedar Mountain Advisors LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,832 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors have also recently added to or reduced their stakes in FBCG. Koshinski Asset Management Inc. raised its position in Fidelity Blue Chip Growth ETF by 2.3% during the first quarter. Koshinski Asset Management Inc. now owns 9,146 shares of the company’s stock worth $458,000 after acquiring an additional 209 shares during the period. Base Wealth Management LLC grew its position in shares of Fidelity Blue Chip Growth ETF by 5.5% in the fourth quarter. Base Wealth Management LLC now owns 4,088 shares of the company’s stock valued at $224,000 after purchasing an additional 214 shares during the period. Fort Sheridan Advisors LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 5.5% during the fourth quarter. Fort Sheridan Advisors LLC now owns 5,144 shares of the company’s stock worth $282,000 after purchasing an additional 269 shares in the last quarter. Fiscal Wisdom Wealth Management LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 6.7% during the first quarter. Fiscal Wisdom Wealth Management LLC now owns 5,849 shares of the company’s stock worth $293,000 after purchasing an additional 369 shares in the last quarter. Finally, Clear Investment Research LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 1.7% during the fourth quarter. Clear Investment Research LLC now owns 25,423 shares of the company’s stock worth $1,394,000 after purchasing an additional 429 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Up 2.2%

FBCG opened at $61.10 on Tuesday. The company has a market cap of $5.54 billion, a PE ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a twelve month low of $47.60 and a twelve month high of $64.32. The company has a 50-day moving average price of $61.20 and a 200 day moving average price of $57.05.

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.