Clear Investment Research LLC Trims Stock Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Clear Investment Research LLC cut its position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,839 shares of the company’s stock after selling 1,269 shares during the period. Fidelity Blue Chip Growth ETF comprises about 1.2% of Clear Investment Research LLC’s holdings, making the stock its 20th largest position. Clear Investment Research LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter worth about $258,132,000. JPMorgan Chase & Co. increased its stake in Fidelity Blue Chip Growth ETF by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock worth $130,749,000 after acquiring an additional 311,037 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Fidelity Blue Chip Growth ETF by 19.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,233,085 shares of the company’s stock worth $103,303,000 after acquiring an additional 362,051 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Fidelity Blue Chip Growth ETF by 5.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,967,967 shares of the company’s stock worth $91,038,000 after acquiring an additional 95,106 shares during the last quarter. Finally, KFA Private Wealth Group LLC increased its stake in 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 during the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $41.37 on Friday. Fidelity Blue Chip Growth ETF has a 1 year low of $35.62 and a 1 year high of $48.84. The firm has a market cap of $3.65 billion, a P/E ratio of 35.99 and a beta of 1.30. The stock has a 50-day simple moving average of $45.67 and a 200-day simple moving average of $44.97.

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.