JPMorgan Chase & Co. Increases Holdings in Fidelity Blue Chip Growth ETF (BATS:FBCG)

JPMorgan Chase & Co. increased its holdings in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,057,016 shares of the company’s stock after acquiring an additional 311,037 shares during the period. JPMorgan Chase & Co. owned about 0.08% of Fidelity Blue Chip Growth ETF worth $130,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans grew its position in shares of Fidelity Blue Chip Growth ETF by 173.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,872,861 shares of the company’s stock valued at $80,102,000 after purchasing an additional 1,187,944 shares in the last quarter. Kowal Investment Group LLC grew its holdings in Fidelity Blue Chip Growth ETF by 3,427.4% during the 2nd quarter. Kowal Investment Group LLC now owns 659,969 shares of the company’s stock valued at $28,009,000 after buying an additional 641,259 shares in the last quarter. Commonwealth Equity Services LLC increased 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 acquiring an additional 621,992 shares during the last quarter. KFA Private Wealth Group LLC increased its stake in Fidelity Blue Chip Growth ETF by 392.9% in the 2nd quarter. KFA Private Wealth Group LLC now owns 443,960 shares of the company’s stock worth $18,842,000 after acquiring an additional 353,891 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Blue Chip Growth ETF by 107.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 623,186 shares of the company’s stock worth $26,448,000 after acquiring an additional 322,190 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG stock opened at $46.26 on Thursday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47. The firm has a fifty day simple moving average of $46.12 and a two-hundred day simple moving average of $43.35.

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.