Marshall Wace LLP Reduces Stake in Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO)

Marshall Wace LLP reduced its stake in Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO) by 30.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,077 shares of the company’s stock after selling 4,935 shares during the quarter. Marshall Wace LLP’s holdings in Fidelity Fundamental Large Cap Growth ETF were worth $233,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FGRO. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 49.6% in the 1st quarter. Sunbelt Securities Inc. now owns 36,526 shares of the company’s stock valued at $798,000 after purchasing an additional 12,117 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 10.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 737,122 shares of the company’s stock valued at $16,113,000 after purchasing an additional 68,121 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 35.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 118,689 shares of the company’s stock valued at $2,595,000 after purchasing an additional 30,957 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 25.3% in the 1st quarter. Kestra Advisory Services LLC now owns 1,024,784 shares of the company’s stock valued at $22,402,000 after purchasing an additional 206,727 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF in the 1st quarter valued at $836,000.

Fidelity Fundamental Large Cap Growth ETF Trading Up 1.1 %

FGRO opened at $24.55 on Friday. The business’s 50-day moving average price is $23.14 and its 200-day moving average price is $22.79. The firm has a market cap of $328.48 million, a price-to-earnings ratio of 36.74 and a beta of 1.44.

Fidelity Fundamental Large Cap Growth ETF Profile

The Fidelity Growth Opportunities ETF (FGRO) is an exchange-traded fund that is based on the Russell 1000 Growth TR USD index. The fund is an actively-managed, non-transparent ETF that invests in growth stocks from domestic and foreign issuers. Stocks are selected based on fundamental factors FGRO was launched on Feb 2, 2021 and is managed by Fidelity.