KWB Wealth Makes New Investment in Fidelity Blue Chip Growth ETF $FBCG

KWB Wealth bought a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the 3rd quarter, Holdings Channel.com reports. The firm bought 260,788 shares of the company’s stock, valued at approximately $16,484,000. Fidelity Blue Chip Growth ETF comprises approximately 1.4% of KWB Wealth’s holdings, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in FBCG. SMART Wealth LLC purchased a new position in Fidelity Blue Chip Growth ETF in the second quarter valued at about $4,935,000. PNC Financial Services Group Inc. lifted its stake in shares of Fidelity Blue Chip Growth ETF by 16.1% during the first quarter. PNC Financial Services Group Inc. now owns 650,024 shares of the company’s stock worth $32,579,000 after purchasing an additional 89,959 shares in the last quarter. Keenan LLC acquired a new position in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth about $11,133,000. Nations Financial Group Inc. IA ADV boosted its position in shares of Fidelity Blue Chip Growth ETF by 17.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 516,531 shares of the company’s stock worth $25,889,000 after buying an additional 74,981 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF in the first quarter worth about $1,027,000.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of FBCG stock traded down $1.53 during trading hours on Friday, reaching $60.35. The company had a trading volume of 978,357 shares, compared to its average volume of 629,201. Fidelity Blue Chip Growth ETF has a twelve month low of $47.60 and a twelve month high of $65.17. The company has a market capitalization of $5.48 billion, a P/E ratio of 29.62 and a beta of 1.32. The stock’s fifty day simple moving average is $62.46 and its 200 day simple moving average is $60.58.

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.