Meridian Wealth Management LLC Decreases Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Meridian Wealth Management LLC decreased its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,000 shares of the company’s stock after selling 28,000 shares during the quarter. Meridian Wealth Management LLC owned about 0.19% of Fidelity Blue Chip Growth ETF worth $933,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Adell Harriman & Carpenter Inc. raised its position in Fidelity Blue Chip Growth ETF by 0.9% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 32,266 shares of the company’s stock worth $1,075,000 after purchasing an additional 288 shares during the period. Avaii Wealth Management LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 2.5% in the fourth quarter. Avaii Wealth Management LLC now owns 13,518 shares of the company’s stock worth $450,000 after buying an additional 329 shares during the period. Allworth Financial LP bought a new stake in shares of Fidelity Blue Chip Growth ETF during the 4th quarter worth approximately $27,000. Harbor Investment Advisory LLC boosted its holdings in Fidelity Blue Chip Growth ETF by 20.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 6,150 shares of the company’s stock valued at $205,000 after acquiring an additional 1,050 shares during the period. Finally, CRA Financial Services LLC grew its position in Fidelity Blue Chip Growth ETF by 9.4% in the 4th quarter. CRA Financial Services LLC now owns 12,755 shares of the company’s stock valued at $425,000 after acquiring an additional 1,100 shares during the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $39.48 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of 35.50 and a beta of 1.47. The stock’s fifty day simple moving average is $38.07 and its two-hundred day simple moving average is $35.17.

About Fidelity Blue Chip Growth ETF

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.