Traynor Capital Management Inc. Raises Holdings in Fidelity Blue Chip Growth ETF $FBCG

Traynor Capital Management Inc. increased its stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,328 shares of the company’s stock after acquiring an additional 12,620 shares during the quarter. Traynor Capital Management Inc. owned approximately 0.06% of Fidelity Blue Chip Growth ETF worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Investment Advisory Group LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 1.1% during the third quarter. Investment Advisory Group LLC now owns 17,910 shares of the company’s stock valued at $961,000 after purchasing an additional 188 shares during the period. Centurion Wealth Management LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 0.8% in the third quarter. Centurion Wealth Management LLC now owns 37,155 shares of the company’s stock worth $1,994,000 after buying an additional 307 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Fidelity Blue Chip Growth ETF in the third quarter worth about $26,000. Cornerstone Planning Group LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the third quarter worth about $27,000. Finally, Milestone Investment Advisors LLC increased its holdings in Fidelity Blue Chip Growth ETF by 1.7% during the 3rd quarter. Milestone Investment Advisors LLC now owns 30,589 shares of the company’s stock valued at $1,641,000 after purchasing an additional 509 shares during the period.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $51.12 on Thursday. Fidelity Blue Chip Growth ETF has a one year low of $33.57 and a one year high of $56.50. The business has a 50 day simple moving average of $53.16 and a two-hundred day simple moving average of $53.82. The firm has a market capitalization of $4.64 billion, a price-to-earnings 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.