FSM Wealth Advisors LLC Takes $540,000 Position in Fidelity Blue Chip Growth ETF $FBCG

FSM Wealth Advisors LLC purchased a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,189 shares of the company’s stock, valued at approximately $540,000.

Other institutional investors also recently modified their holdings of the company. Northwest Capital Management Inc bought a new stake in shares of Fidelity Blue Chip Growth ETF in the second quarter valued at about $52,000. Russell Investments Group Ltd. bought a new stake in shares of Fidelity Blue Chip Growth ETF in the first quarter valued at about $64,000. Dagco Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF in the first quarter valued at about $75,000. Harbor Asset Planning Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF in the second quarter valued at about $132,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the second quarter valued at about $214,000.

Fidelity Blue Chip Growth ETF Trading Up 16.8%

Shares of FBCG stock opened at $53.56 on Friday. Fidelity Blue Chip Growth ETF has a 1 year low of $33.57 and a 1 year high of $50.14. The firm’s fifty day moving average price is $52.59 and its two-hundred day moving average price is $47.74. The firm has a market capitalization of $4.86 billion, a P/E ratio of 29.62 and a beta of 1.32.

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.