30,681 Shares of Fidelity Blue Chip Growth ETF $FBCG Bought by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the third quarter, Holdings Channel reports. The fund acquired 30,681 shares of the company’s stock, valued at approximately $1,939,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC purchased a new position in Fidelity Blue Chip Growth ETF in the third quarter worth $11,884,000. Midwest Financial Network LLC grew its stake in Fidelity Blue Chip Growth ETF by 61.7% in the 3rd quarter. Midwest Financial Network LLC now owns 12,280 shares of the company’s stock valued at $776,000 after purchasing an additional 4,687 shares during the period. Montz Harcus Wealth Management LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the 3rd quarter valued at $310,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the 3rd quarter valued at $102,000. Finally, Castleview Partners LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the 3rd quarter valued at $305,000.

Fidelity Blue Chip Growth ETF Price Performance

Shares of BATS FBCG traded down $0.09 during mid-day trading on Tuesday, reaching $63.31. 229,306 shares of the company’s stock were exchanged, compared to its average volume of 625,621. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 52 week low of $47.60 and a 52 week high of $65.17. The firm has a 50-day moving average price of $62.51 and a two-hundred day moving average price of $60.32.

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.