Fidelity Blue Chip Growth ETF (BATS:FBCG) Sets New 52-Week High – Here’s What Happened

Fidelity Blue Chip Growth ETF (BATS:FBCG – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $64.44 and last traded at $64.36, with a volume of 81788 shares trading hands. The stock had previously closed at $63.97.

Fidelity Blue Chip Growth ETF Stock Up 0.4%

The firm has a market capitalization of $5.88 billion, a P/E ratio of 29.62 and a beta of 1.32. The company’s 50 day moving average is $62.15 and its 200-day moving average is $59.95.

Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Align Financial LLC acquired a new position in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth approximately $845,406,000. Storgate LLC acquired a new stake in Fidelity Blue Chip Growth ETF in the 4th quarter valued at $31,827,000. JPMorgan Chase & Co. grew its position in Fidelity Blue Chip Growth ETF by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,760,021 shares of the company’s stock valued at $535,240,000 after purchasing an additional 452,011 shares during the period. Clarity Retirement & Wealth LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter valued at $19,857,000. Finally, Cetera Investment Advisers increased its stake in Fidelity Blue Chip Growth ETF by 26.4% during the 1st quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock valued at $71,769,000 after purchasing an additional 298,784 shares in the last quarter.

Fidelity Blue Chip Growth ETF Company Profile

(Get Free Report)

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.

Further Reading

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