Crosspoint Financial LLC Makes New Investment in Fidelity Blue Chip Growth ETF $FBCG

Crosspoint Financial LLC bought a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 3rd quarter, HoldingsChannel reports. The fund bought 60,178 shares of the company’s stock, valued at approximately $3,804,000. Fidelity Blue Chip Growth ETF makes up 7.5% of Crosspoint Financial LLC’s portfolio, making the stock its 2nd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Blue Chip Growth ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,859,109 shares of the company’s stock valued at $177,579,000 after buying an additional 187,169 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Fidelity Blue Chip Growth ETF during the third quarter valued at $171,506,000. Cetera Investment Advisers raised its position in Fidelity Blue Chip Growth ETF by 26.4% during the first quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock valued at $71,769,000 after buying an additional 298,784 shares during the period. KFA Private Wealth Group LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the 3rd quarter worth about $67,022,000. Finally, PNC Financial Services Group Inc. lifted its stake in Fidelity Blue Chip Growth ETF by 16.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 650,024 shares of the company’s stock worth $32,579,000 after acquiring an additional 89,959 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of BATS FBCG opened at $55.99 on Monday. Fidelity Blue Chip Growth ETF has a one year low of $47.60 and a one year high of $65.17. The firm has a market capitalization of $7.05 billion, a PE ratio of 22.96 and a beta of 1.38. The business has a 50-day moving average price of $61.62 and a two-hundred day moving average price of $58.69.

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.