MN Wealth Advisors LLC Makes New $6.76 Million Investment in Fidelity Blue Chip Growth ETF $FBCG

MN Wealth Advisors LLC bought a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 106,946 shares of the company’s stock, valued at approximately $6,760,000. Fidelity Blue Chip Growth ETF accounts for approximately 2.7% of MN Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Fidelity Blue Chip Growth ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,859,109 shares of the company’s stock valued at $177,579,000 after buying an additional 187,169 shares during the period. Cetera Investment Advisers grew its stake in shares of Fidelity Blue Chip Growth ETF by 26.4% during the first quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock valued at $71,769,000 after buying an additional 298,784 shares during the last quarter. KFA Private Wealth Group LLC bought a new position in shares of Fidelity Blue Chip Growth ETF during the third quarter valued at about $67,022,000. Capital Analysts LLC grew its stake in shares of Fidelity Blue Chip Growth ETF by 26.8% during the second quarter. Capital Analysts LLC now owns 578,034 shares of the company’s stock valued at $35,902,000 after buying an additional 122,188 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew 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 valued at $32,579,000 after buying an additional 89,959 shares during the last quarter.

Fidelity Blue Chip Growth ETF Trading Down 0.5%

FBCG opened at $59.43 on Friday. The company has a market cap of $5.39 billion, a P/E ratio of 29.62 and a beta of 1.32. The business’s 50-day moving average price is $62.25 and its 200-day moving average price is $60.95. Fidelity Blue Chip Growth ETF has a 12 month low of $47.60 and a 12 month high of $65.17.

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.