MV Capital Management Inc. Buys Shares of 204,323 Fidelity Blue Chip Growth ETF $FBCG

MV Capital Management Inc. purchased a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 204,323 shares of the company’s stock, valued at approximately $11,205,000. Fidelity Blue Chip Growth ETF makes up 1.1% of MV Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Align Financial LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at about $845,406,000. JPMorgan Chase & Co. lifted its holdings in Fidelity Blue Chip Growth ETF by 4.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,760,021 shares of the company’s stock worth $535,240,000 after purchasing an additional 452,011 shares during the period. Dynasty Wealth Management LLC grew its position in Fidelity Blue Chip Growth ETF by 6.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,442,209 shares of the company’s stock valued at $408,131,000 after buying an additional 431,140 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Fidelity Blue Chip Growth ETF by 249.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock valued at $127,531,000 after buying an additional 1,660,026 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Fidelity Blue Chip Growth ETF by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 1,555,385 shares of the company’s stock valued at $83,462,000 after buying an additional 32,087 shares during the period.

Fidelity Blue Chip Growth ETF Trading Up 2.2%

FBCG stock 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 company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The firm’s 50-day moving average is $59.88 and its two-hundred day moving average is $55.76.

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.