Dahring Cusmano LLC Invests $2.90 Million in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Dahring Cusmano LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 62,594 shares of the company’s stock, valued at approximately $2,896,000. Fidelity Blue Chip Growth ETF makes up about 2.6% of Dahring Cusmano LLC’s holdings, making the stock its 10th biggest holding.

A number of other large investors also recently modified their holdings of the business. Pathway Financial Advisers LLC increased its position in shares of Fidelity Blue Chip Growth ETF by 530.2% during the third quarter. Pathway Financial Advisers LLC now owns 939 shares of the company’s stock valued at $40,000 after purchasing an additional 790 shares during the period. Synergy Asset Management LLC bought a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $73,000. Stonebridge Financial Group LLC bought a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $95,000. Silver Oak Securities Incorporated bought a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $211,000. Finally, Inspirion Wealth Advisors LLC bought a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at $216,000.

Fidelity Blue Chip Growth ETF Stock Up 1.7 %

Shares of BATS:FBCG opened at $46.62 on Friday. The company has a fifty day moving average of $47.46 and a two-hundred day moving average of $44.72. The company has a market capitalization of $1.77 billion, a PE 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.