Adell Harriman & Carpenter Inc. Boosts Stock Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Adell Harriman & Carpenter Inc. grew its holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,283 shares of the company’s stock after purchasing an additional 790 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Fidelity Blue Chip Growth ETF were worth $1,424,000 at the end of the most recent reporting period.

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

Fidelity Blue Chip Growth ETF Stock Performance

BATS FBCG opened at $44.38 on Wednesday. The firm has a fifty day moving average price of $42.26 and a 200 day moving average price of $41.07. The stock has a market capitalization of $1.68 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.