Clearwave Capital LLC Purchases Shares of 48,484 Fidelity Blue Chip Growth ETF $FBCG

Clearwave Capital LLC acquired a new position in Fidelity Blue Chip Growth ETF (BATS:FBCG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 48,484 shares of the company’s stock, valued at approximately $2,659,000. Fidelity Blue Chip Growth ETF accounts for about 2.0% of Clearwave Capital LLC’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBCG. Arax Advisory Partners bought a new stake in shares of Fidelity Blue Chip Growth ETF in the 4th quarter valued at $35,000. NBC Securities Inc. acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter worth $35,000. Royal Bank of Canada raised its stake in Fidelity Blue Chip Growth ETF by 104.0% during the fourth quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock worth $61,000 after buying an additional 567 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Fidelity Blue Chip Growth ETF during the fourth quarter worth $62,000. Finally, Raleigh Capital Management Inc. acquired a new position in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $70,000.

Fidelity Blue Chip Growth ETF Price Performance

Shares of FBCG stock opened at $62.72 on Friday. The company has a market cap of $5.69 billion, a price-to-earnings 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. The firm has a 50 day moving average of $60.07 and a 200-day moving average of $55.81.

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.