Sachetta LLC Has $1.04 Million Stake in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Sachetta LLC raised its stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) by 1,055.9% in the second quarter, Holdings Channel reports. The fund owned 26,204 shares of the company’s stock after purchasing an additional 23,937 shares during the quarter. Sachetta LLC’s holdings in Fidelity Blue Chip Growth ETF were worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IAG Wealth Partners LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 2nd quarter worth $28,000. Larson Financial Group LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the second quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 33.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,786 shares of the company’s stock valued at $69,000 after buying an additional 443 shares during the period. Principal Securities Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF in the fourth quarter valued at approximately $78,000. Finally, Sequent Asset Management LLC bought a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $144,000.

Fidelity Blue Chip Growth ETF Stock Up 1.4 %

FBCG opened at $39.49 on Tuesday. The stock’s fifty day simple moving average is $41.23 and its 200 day simple moving average is $39.87. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47.

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.