Sovran Advisors LLC Takes Position in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Sovran Advisors LLC bought a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,414 shares of the company’s stock, valued at approximately $2,128,000. Sovran Advisors LLC owned approximately 0.12% of Fidelity Blue Chip Growth ETF as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Fidelity Blue Chip Growth ETF by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock worth $130,749,000 after purchasing an additional 311,037 shares during the period. FMR LLC increased its stake in Fidelity Blue Chip Growth ETF by 9.5% in the 3rd quarter. FMR LLC now owns 21,931 shares of the company’s stock worth $938,000 after acquiring an additional 1,911 shares during the last quarter. HighTower Advisors LLC raised its position in Fidelity Blue Chip Growth ETF by 2.6% during the third quarter. HighTower Advisors LLC now owns 167,572 shares of the company’s stock valued at $7,167,000 after purchasing an additional 4,226 shares during the period. Stifel Financial Corp boosted its stake in shares of Fidelity Blue Chip Growth ETF by 39.8% during the 3rd quarter. Stifel Financial Corp now owns 12,702 shares of the company’s stock worth $543,000 after purchasing an additional 3,618 shares during the period. Finally, 17 Capital Partners LLC lifted its holdings in Fidelity Blue Chip Growth ETF by 29.4% during the 3rd quarter. 17 Capital Partners LLC now owns 10,107 shares of the company’s stock valued at $432,000 after buying an additional 2,295 shares in the last quarter.

Fidelity Blue Chip Growth ETF Trading Up 4.2 %

Shares of FBCG opened at $47.77 on Tuesday. The company has a fifty day moving average price of $47.39 and a 200 day moving average price of $44.22. The firm has a market capitalization of $1.81 billion, a P/E ratio of 35.50 and a beta of 1.47.

Fidelity Blue Chip Growth ETF 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.