Envestnet Asset Management Inc. Has $26.45 Million Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 107.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 623,186 shares of the company’s stock after purchasing an additional 322,190 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $26,448,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Fidelity Blue Chip Growth ETF by 85.4% during the fourth quarter. UBS Group AG now owns 182,781 shares of the company’s stock worth $6,088,000 after buying an additional 84,218 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Fidelity Blue Chip Growth ETF by 44.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 271,952 shares of the company’s stock worth $9,059,000 after acquiring an additional 83,339 shares during the period. Per Stirling Capital Management LLC. raised its stake in Fidelity Blue Chip Growth ETF by 24.1% during the 4th quarter. Per Stirling Capital Management LLC. now owns 77,070 shares of the company’s stock valued at $2,567,000 after purchasing an additional 14,948 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in Fidelity Blue Chip Growth ETF by 82.3% in the 4th quarter. Childress Capital Advisors LLC now owns 170,381 shares of the company’s stock valued at $5,675,000 after purchasing an additional 76,932 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Fidelity Blue Chip Growth ETF by 1.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 46,910 shares of the company’s stock valued at $1,563,000 after purchasing an additional 750 shares during the period.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $42.23 on Friday. The stock’s 50-day moving average is $40.85 and its 200-day moving average is $40.10. The company has a market cap of $1.60 billion, a P/E 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.