KFA Private Wealth Group LLC Boosts Stake in Fidelity Blue Chip Growth ETF (BATS:FBCG)

KFA Private Wealth Group LLC increased its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 66.7% during the third quarter, HoldingsChannel reports. The firm owned 740,010 shares of the company’s stock after acquiring an additional 296,050 shares during the period. Fidelity Blue Chip Growth ETF comprises approximately 15.1% of KFA Private Wealth Group LLC’s portfolio, making the stock its 2nd biggest holding. KFA Private Wealth Group LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $31,650,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. IAG Wealth Partners LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter worth approximately $28,000. Larson Financial Group LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter worth approximately $30,000. Armstrong Advisory Group Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 3rd quarter valued at approximately $70,000. Mark Sheptoff Financial Planning LLC grew its stake in Fidelity Blue Chip Growth ETF by 33.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,786 shares of the company’s stock valued at $69,000 after buying an additional 443 shares in the last quarter. Finally, Sequent Asset Management LLC purchased a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $144,000.

Fidelity Blue Chip Growth ETF Price Performance

Fidelity Blue Chip Growth ETF stock opened at $43.99 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The firm has a fifty day simple moving average of $41.85 and a 200 day simple moving average of $40.76.

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.