Wealth Quarterback LLC Trims Stock Position in Fidelity Blue Chip Growth ETF $FBCG

Wealth Quarterback LLC decreased its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 17.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,202 shares of the company’s stock after selling 12,325 shares during the quarter. Fidelity Blue Chip Growth ETF makes up 1.3% of Wealth Quarterback LLC’s holdings, making the stock its 18th largest position. Wealth Quarterback LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $2,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Fidelity Blue Chip Growth ETF by 176.7% during the first quarter. Bank of New York Mellon Corp now owns 14,741 shares of the company’s stock valued at $589,000 after acquiring an additional 9,414 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Blue Chip Growth ETF by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 577,346 shares of the company’s stock worth $23,077,000 after purchasing an additional 130,281 shares during the period. Cerity Partners LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 1st quarter valued at approximately $206,000. Sigma Planning Corp increased its holdings in shares of Fidelity Blue Chip Growth ETF by 10.3% during the 1st quarter. Sigma Planning Corp now owns 105,376 shares of the company’s stock valued at $4,212,000 after purchasing an additional 9,827 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Fidelity Blue Chip Growth ETF by 4.2% in the 1st quarter. Larson Financial Group LLC now owns 7,365 shares of the company’s stock valued at $294,000 after purchasing an additional 300 shares during the period.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $54.98 on Wednesday. Fidelity Blue Chip Growth ETF has a one year low of $33.57 and a one year high of $50.14. The firm’s fifty day moving average is $53.66 and its 200 day moving average is $49.52. The firm has a market cap of $4.99 billion, a PE 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.