Arwa LLC Makes New $9.60 Million Investment in Fidelity Blue Chip Growth ETF $FBCG

Arwa LLC bought a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 175,006 shares of the company’s stock, valued at approximately $9,597,000. Fidelity Blue Chip Growth ETF makes up 5.6% of Arwa LLC’s holdings, making the stock its 3rd largest position. Arwa LLC owned 0.19% of Fidelity Blue Chip Growth ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FBCG. Align Financial LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $845,406,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Blue Chip Growth ETF by 249.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock worth $127,531,000 after purchasing an additional 1,660,026 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Fidelity Blue Chip Growth ETF by 405.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock valued at $79,975,000 after purchasing an additional 1,169,960 shares during the last quarter. FIL Ltd purchased a new stake in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at about $57,382,000. Finally, Storgate LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at about $31,827,000.

Fidelity Blue Chip Growth ETF Price Performance

BATS:FBCG opened at $62.72 on Friday. The stock’s 50 day moving average price is $60.07 and its 200 day moving average price is $55.81. The company has a market capitalization of $5.69 billion, a PE ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 52-week low of $45.20 and a 52-week high of $64.32.

Fidelity Blue Chip Growth ETF Company 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.