Traynor Capital Management Inc. Has $634,000 Stock Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Traynor Capital Management Inc. lessened its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 80.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,813 shares of the company’s stock after selling 59,440 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $634,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FBCG. J.W. Cole Advisors Inc. raised its holdings in Fidelity Blue Chip Growth ETF by 43.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 40,624 shares of the company’s stock valued at $1,563,000 after acquiring an additional 12,278 shares in the last quarter. Dentgroup LLC raised its holdings in Fidelity Blue Chip Growth ETF by 1.4% in the 3rd quarter. Dentgroup LLC now owns 19,149 shares of the company’s stock valued at $819,000 after acquiring an additional 261 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $249,000. Larson Financial Group LLC acquired a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $30,000. Finally, Cetera Investment Advisers raised its holdings in Fidelity Blue Chip Growth ETF by 216.0% in the 1st quarter. Cetera Investment Advisers now owns 237,193 shares of the company’s stock valued at $9,125,000 after acquiring an additional 162,130 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $44.09 on Tuesday. The company 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 moving average of $42.21 and a 200 day moving average of $41.02.

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.