Brookstone Capital Management Takes $1.98 Million Position in Fidelity Blue Chip Growth ETF $FBCG

Brookstone Capital Management acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the third quarter, Holdings Channel.com reports. The fund acquired 36,963 shares of the company’s stock, valued at approximately $1,983,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Sagespring Wealth Partners LLC raised its stake in Fidelity Blue Chip Growth ETF by 0.6% in the second quarter. Sagespring Wealth Partners LLC now owns 6,228,360 shares of the company’s stock valued at $300,456,000 after buying an additional 34,333 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 8.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,892,574 shares of the company’s stock valued at $139,538,000 after acquiring an additional 230,211 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $76,807,000. Bank of America Corp DE raised its position in shares of Fidelity Blue Chip Growth ETF by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 1,523,298 shares of the company’s stock valued at $73,484,000 after purchasing an additional 132,777 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Fidelity Blue Chip Growth ETF by 2.1% in the 2nd quarter. MML Investors Services LLC now owns 1,158,247 shares of the company’s stock worth $55,874,000 after purchasing an additional 23,767 shares in the last quarter.

Fidelity Blue Chip Growth ETF Trading Up 21.2%

Shares of Fidelity Blue Chip Growth ETF stock opened at $55.58 on Friday. Fidelity Blue Chip Growth ETF has a 12-month low of $33.57 and a 12-month high of $50.14. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The firm’s 50 day simple moving average is $54.42 and its two-hundred day simple moving average is $51.93.

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.