Fidelity Blue Chip Growth ETF (BATS:FBCG) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. trimmed its holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 80.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,813 shares of the company’s stock after selling 59,440 shares during the period. Traynor Capital Management Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in Fidelity Blue Chip Growth ETF by 49.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,871,034 shares of the company’s stock worth $80,024,000 after buying an additional 621,992 shares during the last quarter. KFA Private Wealth Group LLC boosted its stake in Fidelity Blue Chip Growth ETF by 66.7% in the 3rd quarter. KFA Private Wealth Group LLC now owns 740,010 shares of the company’s stock worth $31,650,000 after buying an additional 296,050 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Fidelity Blue Chip Growth ETF by 16.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 684,917 shares of the company’s stock worth $29,068,000 after buying an additional 98,955 shares during the last quarter. Kowal Investment Group LLC boosted its stake in Fidelity Blue Chip Growth ETF by 3,427.4% in the 2nd quarter. Kowal Investment Group LLC now owns 659,969 shares of the company’s stock worth $28,009,000 after buying an additional 641,259 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity Blue Chip Growth ETF by 107.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 623,186 shares of the company’s stock worth $26,448,000 after buying an additional 322,190 shares during the last quarter.

Fidelity Blue Chip Growth ETF Trading Up 0.5 %

Fidelity Blue Chip Growth ETF stock opened at $44.09 on Tuesday. The stock has a 50 day moving average price of $42.21 and a 200-day moving average price of $41.02. The stock has a market cap of $1.67 billion, a P/E ratio of 35.50 and a beta of 1.47.

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.