AssuredPartners Investment Advisors LLC Makes New $18.32 Million Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

AssuredPartners Investment Advisors LLC purchased a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 396,060 shares of the company’s stock, valued at approximately $18,322,000. Fidelity Blue Chip Growth ETF comprises about 3.6% of AssuredPartners Investment Advisors LLC’s investment portfolio, making the stock its biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in FBCG. Wealthfront Advisers LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter worth approximately $44,000. Pathway Financial Advisers LLC lifted its stake in shares of Fidelity Blue Chip Growth ETF by 29.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 1,211 shares of the company’s stock worth $56,000 after purchasing an additional 272 shares during the period. Synergy Asset Management LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth $73,000. Stonebridge Financial Group LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at $95,000. Finally, Silver Oak Securities Incorporated acquired a new position in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $211,000.

Fidelity Blue Chip Growth ETF Trading Down 8.9 %

BATS FBCG opened at $41.76 on Thursday. The company has a market capitalization of $3.69 billion, a PE ratio of 35.99 and a beta of 1.30. The business’s 50-day moving average price is $45.35 and its 200 day moving average price is $45.06. Fidelity Blue Chip Growth ETF has a twelve month low of $35.62 and a twelve month high of $48.84.

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.