Dynasty Wealth Management LLC Makes New Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Dynasty Wealth Management LLC purchased a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,580,016 shares of the company’s stock, valued at approximately $258,132,000. Fidelity Blue Chip Growth ETF comprises approximately 4.5% of Dynasty Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Dynasty Wealth Management LLC owned 14.72% of Fidelity Blue Chip Growth ETF as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Fidelity Blue Chip Growth ETF by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 3,057,016 shares of the company’s stock valued at $130,749,000 after purchasing an additional 311,037 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity Blue Chip Growth ETF by 173.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock worth $80,102,000 after acquiring an additional 1,187,944 shares in the last quarter. KFA Private Wealth Group LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 14.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 850,263 shares of the company’s stock worth $39,333,000 after acquiring an additional 110,253 shares in the last quarter. Sowa Financial Group Inc. raised its position in shares of Fidelity Blue Chip Growth ETF by 29.6% during the fourth quarter. Sowa Financial Group Inc. now owns 448,604 shares of the company’s stock worth $20,752,000 after purchasing an additional 102,517 shares during the period. Finally, Centerline Wealth Advisors LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the fourth quarter worth approximately $18,331,000.

Fidelity Blue Chip Growth ETF Price Performance

Shares of BATS FBCG opened at $44.20 on Friday. The business’s 50 day simple moving average is $47.26 and its 200-day simple moving average is $44.92. The firm has a market cap of $1.68 billion, a price-to-earnings 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.