Milestone Investment Advisors LLC Increases Stake in Fidelity Blue Chip Growth ETF $FBCG

Milestone Investment Advisors LLC boosted its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 88.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,080 shares of the company’s stock after buying an additional 14,156 shares during the period. Milestone Investment Advisors LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $1,451,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Fidelity Blue Chip Growth ETF in the second quarter worth $76,807,000. JPMorgan Chase & Co. grew its stake in shares of Fidelity Blue Chip Growth ETF by 16.2% in the 1st quarter. JPMorgan Chase & Co. now owns 9,685,217 shares of the company’s stock worth $387,118,000 after buying an additional 1,350,071 shares during the last quarter. Jane Street Group LLC bought a new position in Fidelity Blue Chip Growth ETF during the 1st quarter valued at approximately $21,034,000. HighTower Advisors LLC raised its stake in Fidelity Blue Chip Growth ETF by 169.5% during the first quarter. HighTower Advisors LLC now owns 491,162 shares of the company’s stock valued at $19,632,000 after buying an additional 308,907 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter worth about $11,576,000.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of FBCG stock opened at $55.12 on Friday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a one year low of $33.57 and a one year high of $50.14. The company’s 50-day moving average is $53.99 and its 200 day moving average is $50.78.

Fidelity Blue Chip Growth ETF Company 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.