Hobart Private Capital LLC Raises Stock Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Hobart Private Capital LLC raised its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 110.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,971 shares of the company’s stock after purchasing an additional 8,385 shares during the quarter. Hobart Private Capital LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $739,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Wealth Effects LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 3.6% in the 4th quarter. Wealth Effects LLC now owns 9,011 shares of the company’s stock valued at $417,000 after buying an additional 311 shares during the period. Sachetta LLC increased its stake in Fidelity Blue Chip Growth ETF by 1.3% during the third quarter. Sachetta LLC now owns 26,554 shares of the company’s stock worth $1,136,000 after purchasing an additional 350 shares during the period. LJI Wealth Management LLC lifted its position in shares of Fidelity Blue Chip Growth ETF by 2.6% during the third quarter. LJI Wealth Management LLC now owns 14,270 shares of the company’s stock worth $610,000 after purchasing an additional 361 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 1.1% in the fourth quarter. Mutual Advisors LLC now owns 44,725 shares of the company’s stock valued at $2,087,000 after purchasing an additional 490 shares during the period. Finally, Avaii Wealth Management LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 3.7% in the third quarter. Avaii Wealth Management LLC now owns 14,603 shares of the company’s stock valued at $625,000 after purchasing an additional 521 shares during the period.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of FBCG opened at $47.40 on Friday. The stock has a market cap of $1.80 billion, a P/E ratio of 35.50 and a beta of 1.47. The business’s fifty day simple moving average is $47.39 and its 200 day simple moving average is $44.18.

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.