LGT Financial Advisors LLC Buys New Shares in Fidelity Blue Chip Growth ETF (BATS:FBCG)

LGT Financial Advisors LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,500 shares of the company’s stock, valued at approximately $706,000. Fidelity Blue Chip Growth ETF accounts for approximately 1.7% of LGT Financial Advisors LLC’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in shares of Fidelity Blue Chip Growth ETF by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 168,108 shares of the company’s stock worth $7,190,000 after purchasing an additional 658 shares during the period. Clear Creek Financial Management LLC boosted its holdings in Fidelity Blue Chip Growth ETF by 4.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 46,580 shares of the company’s stock worth $1,992,000 after buying an additional 2,112 shares during the period. Tandem Capital Management Corp ADV increased its stake in Fidelity Blue Chip Growth ETF by 5.5% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 14,310 shares of the company’s stock worth $612,000 after buying an additional 740 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Fidelity Blue Chip Growth ETF by 530.2% during the third quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock valued at $40,000 after acquiring an additional 790 shares during the period. Finally, Mutual Advisors LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the third quarter valued at about $1,934,000.

Fidelity Blue Chip Growth ETF Stock Performance

BATS FBCG opened at $45.00 on Thursday. The stock has a fifty day simple moving average of $42.43 and a 200-day simple moving average of $41.30. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47.

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.