LGT Financial Advisors LLC Makes New Investment in Fidelity Blue Chip Growth ETF (BATS:FBCG)

LGT Financial Advisors LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $706,000. Fidelity Blue Chip Growth ETF makes up about 1.7% of LGT Financial Advisors LLC’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBCG. IAG Wealth Partners LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the second quarter valued at about $28,000. Larson Financial Group LLC acquired a new stake in Fidelity Blue Chip Growth ETF in the 2nd quarter worth approximately $30,000. Pathway Financial Advisers LLC increased its stake in Fidelity Blue Chip Growth ETF by 530.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock valued at $40,000 after purchasing an additional 790 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 33.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,786 shares of the company’s stock worth $69,000 after buying an additional 443 shares during the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 3rd quarter worth $70,000.

Fidelity Blue Chip Growth ETF Trading Up 2.6 %

Shares of BATS FBCG opened at $45.00 on Thursday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The firm has a 50 day moving average price of $42.43 and a 200 day moving average price of $41.30.

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.