Arkadios Wealth Advisors Makes New Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Arkadios Wealth Advisors acquired a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,670 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently made changes to their positions in FBCG. Thrivent Financial for Lutherans grew its position in Fidelity Blue Chip Growth ETF by 173.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock worth $80,102,000 after acquiring an additional 1,187,944 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Blue Chip Growth ETF by 49.8% during the third quarter. Commonwealth Equity Services LLC now owns 1,871,034 shares of the company’s stock worth $80,024,000 after purchasing an additional 621,992 shares during the last quarter. CWM LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 311.0% in the third quarter. CWM LLC now owns 418,554 shares of the company’s stock valued at $17,902,000 after buying an additional 316,727 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fidelity Blue Chip Growth ETF by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock valued at $130,749,000 after buying an additional 311,037 shares in the last quarter. Finally, KFA Private Wealth Group LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 66.7% in the third quarter. KFA Private Wealth Group LLC now owns 740,010 shares of the company’s stock valued at $31,650,000 after buying an additional 296,050 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $48.64 on Friday. The firm’s 50 day moving average is $46.86 and its 200 day moving average is $43.80. The company has a market capitalization of $1.84 billion, a PE ratio of 35.50 and a beta of 1.47.

About Fidelity Blue Chip Growth ETF

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.