Northwestern Mutual Wealth Management Co. Increases Stock Position in Fidelity Blue Chip Growth ETF $FBCG

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 249.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,325,514 shares of the company’s stock after buying an additional 1,660,026 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 2.56% of Fidelity Blue Chip Growth ETF worth $127,531,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Dahring Cusmano LLC lifted its stake in shares of Fidelity Blue Chip Growth ETF by 6.6% during the 4th quarter. Dahring Cusmano LLC now owns 125,635 shares of the company’s stock valued at $6,890,000 after buying an additional 7,825 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Fidelity Blue Chip Growth ETF by 405.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock worth $79,975,000 after acquiring an additional 1,169,960 shares during the period. BG Investment Services LLC increased its holdings in Fidelity Blue Chip Growth ETF by 16.9% during the 4th quarter. BG Investment Services LLC now owns 281,002 shares of the company’s stock worth $15,410,000 after acquiring an additional 40,524 shares during the period. Stonebridge Financial Group LLC MO bought a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth approximately $2,160,000. Finally, Summit Wealth Group LLC Co. bought a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth approximately $3,018,000.

Fidelity Blue Chip Growth ETF Trading Down 1.7%

Fidelity Blue Chip Growth ETF stock opened at $61.00 on Friday. The firm’s 50 day simple moving average is $54.78 and its 200 day simple moving average is $54.50. The firm has a market capitalization of $5.54 billion, a PE ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 1-year low of $43.25 and a 1-year high of $62.29.

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.