SMART Wealth LLC Invests $4.93 Million in Fidelity Blue Chip Growth ETF $FBCG

SMART Wealth LLC acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 79,452 shares of the company’s stock, valued at approximately $4,935,000. Fidelity Blue Chip Growth ETF comprises about 1.1% of SMART Wealth LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FBCG. Investors Research Corp purchased a new stake in Fidelity Blue Chip Growth ETF during the second quarter valued at about $38,000. Arax Advisory Partners purchased a new position in shares of Fidelity Blue Chip Growth ETF in the fourth quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Fidelity Blue Chip Growth ETF by 265.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 730 shares of the company’s stock worth $45,000 after purchasing an additional 530 shares in the last quarter. Meramec Financial Planners LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the first quarter valued at approximately $51,000. Finally, Royal Bank of Canada boosted its holdings in Fidelity Blue Chip Growth ETF by 104.0% in the 4th quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock worth $61,000 after buying an additional 567 shares during the period.

Fidelity Blue Chip Growth ETF Trading Up 1.3%

FBCG opened at $62.12 on Friday. Fidelity Blue Chip Growth ETF has a 12 month low of $47.60 and a 12 month high of $64.32. The company has a market cap of $5.64 billion, a PE ratio of 29.62 and a beta of 1.32. The company has a 50 day moving average of $61.28 and a 200 day moving average of $58.32.

Fidelity Blue Chip Growth ETF Company 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.