Tandem Capital Management Corp ADV Acquires 2,085 Shares of Fidelity Blue Chip Growth ETF (BATS:FBCG)

Tandem Capital Management Corp ADV lifted its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 14.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,395 shares of the company’s stock after purchasing an additional 2,085 shares during the period. Tandem Capital Management Corp ADV’s holdings in Fidelity Blue Chip Growth ETF were worth $758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in Fidelity Blue Chip Growth ETF by 530.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock worth $40,000 after acquiring an additional 790 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF during the third quarter worth approximately $70,000. Synergy Asset Management LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $73,000. Inspirion Wealth Advisors LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at approximately $216,000. Finally, Arkadios Wealth Advisors bought a new position in Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $216,000.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $46.89 on Tuesday. The firm has a market cap of $1.78 billion, a P/E ratio of 35.50 and a beta of 1.47. The stock’s 50-day moving average price is $47.22 and its two-hundred day moving average price is $44.01.

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.