Principal Securities Inc. Increases Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Principal Securities Inc. lifted its stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 100.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,588 shares of the company’s stock after purchasing an additional 2,304 shares during the quarter. Principal Securities Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $212,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FBCG. Pathway Financial Advisers LLC increased its position in shares of Fidelity Blue Chip Growth ETF by 29.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 1,211 shares of the company’s stock valued at $56,000 after buying an additional 272 shares during the period. Wealth Effects LLC grew its stake in Fidelity Blue Chip Growth ETF by 3.6% during the fourth quarter. Wealth Effects LLC now owns 9,011 shares of the company’s stock valued at $417,000 after acquiring an additional 311 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in Fidelity Blue Chip Growth ETF by 1.0% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 33,621 shares of the company’s stock worth $1,555,000 after acquiring an additional 338 shares during the period. Sachetta LLC lifted its stake in Fidelity Blue Chip Growth ETF by 1.3% in the 3rd quarter. Sachetta LLC now owns 26,554 shares of the company’s stock worth $1,136,000 after purchasing an additional 350 shares in the last quarter. Finally, LJI Wealth Management LLC boosted its holdings in Fidelity Blue Chip Growth ETF by 2.6% in the 3rd quarter. LJI Wealth Management LLC now owns 14,270 shares of the company’s stock valued at $610,000 after purchasing an additional 361 shares during the period.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $45.95 on Tuesday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The firm’s 50 day moving average price is $47.41 and its two-hundred day moving average price is $44.87.

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.