Armstrong Advisory Group Inc. Acquires New Shares in Fidelity Blue Chip Growth ETF (BATS:FBCG)

Armstrong Advisory Group Inc. acquired a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the third quarter, according to its most recent filing with the SEC. The fund acquired 1,646 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds have also bought and sold shares of FBCG. IAG Wealth Partners LLC purchased a new position in Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $28,000. Larson Financial Group LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Fidelity Blue Chip Growth ETF by 33.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,786 shares of the company’s stock valued at $69,000 after purchasing an additional 443 shares in the last quarter. Sequent Asset Management LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at $144,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at $192,000.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $43.97 on Tuesday. The firm’s 50 day moving average price is $41.43 and its two-hundred day moving average price is $40.63. The stock has a market cap of $1.67 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.