Sowa Financial Group Inc. Has $20.75 Million Stake in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Sowa Financial Group Inc. boosted its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,604 shares of the company’s stock after acquiring an additional 102,517 shares during the period. Fidelity Blue Chip Growth ETF accounts for approximately 13.0% of Sowa Financial Group Inc.’s holdings, making the stock its 3rd biggest holding. Sowa Financial Group Inc. owned 1.18% of Fidelity Blue Chip Growth ETF worth $20,752,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 2nd quarter valued at approximately $1,846,000. Thrivent Financial for Lutherans boosted its position in shares of Fidelity Blue Chip Growth ETF by 16.9% during the second quarter. Thrivent Financial for Lutherans now owns 684,917 shares of the company’s stock valued at $29,068,000 after purchasing an additional 98,955 shares in the last quarter. Certified Advisory Corp grew its stake in Fidelity Blue Chip Growth ETF by 30.1% in the second quarter. Certified Advisory Corp now owns 19,651 shares of the company’s stock worth $834,000 after purchasing an additional 4,551 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Blue Chip Growth ETF by 16.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 217,876 shares of the company’s stock worth $9,247,000 after purchasing an additional 30,887 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Fidelity Blue Chip Growth ETF by 137.2% during the second quarter. NewEdge Advisors LLC now owns 23,908 shares of the company’s stock valued at $1,015,000 after buying an additional 13,828 shares during the period.

Fidelity Blue Chip Growth ETF Stock Up 3.1 %

BATS:FBCG opened at $47.26 on Tuesday. The stock has a market cap of $1.79 billion, a P/E ratio of 35.50 and a beta of 1.47. The stock has a fifty day simple moving average of $46.75 and a 200-day simple moving average of $43.71.

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.