Nations Financial Group Inc. IA ADV Has $25.89 Million Stake in Fidelity Blue Chip Growth ETF $FBCG

Nations Financial Group Inc. IA ADV lifted its position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 516,531 shares of the company’s stock after purchasing an additional 74,981 shares during the period. Fidelity Blue Chip Growth ETF accounts for approximately 1.3% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 12th biggest holding. Nations Financial Group Inc. IA ADV’s holdings in Fidelity Blue Chip Growth ETF were worth $25,889,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Fidelity Blue Chip Growth ETF in the 4th quarter valued at $35,000. Arax Advisory Partners bought a new stake in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at about $35,000. Royal Bank of Canada grew its stake in shares of Fidelity Blue Chip Growth ETF by 104.0% in the fourth quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock valued at $61,000 after acquiring an additional 567 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at about $62,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at about $70,000.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $62.72 on Friday. Fidelity Blue Chip Growth ETF has a 52 week low of $45.20 and a 52 week high of $64.32. The firm’s 50-day simple moving average is $60.07 and its 200 day simple moving average is $55.81. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

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.