Northwestern Mutual Wealth Management Co. Purchases 1,660,026 Shares of Fidelity Blue Chip Growth ETF $FBCG

Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) by 249.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,325,514 shares of the company’s stock after acquiring an additional 1,660,026 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Blue Chip Growth ETF were worth $127,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBCG. Dynasty Wealth Management LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 27.3% in the 3rd quarter. Dynasty Wealth Management LLC now owns 7,011,069 shares of the company’s stock worth $376,214,000 after buying an additional 1,503,658 shares during the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in shares of Fidelity Blue Chip Growth ETF in the 3rd quarter worth $1,329,000. Savvy Advisors Inc. bought a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter worth $2,977,000. OneDigital Investment Advisors LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 133.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 766,290 shares of the company’s stock worth $41,119,000 after buying an additional 437,984 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 15.2% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 7,176,954 shares of the company’s stock worth $385,115,000 after buying an additional 948,594 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Shares of BATS:FBCG opened at $61.00 on Friday. The company’s fifty day moving average price is $54.78 and its 200-day moving average price is $54.50. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a one year low of $43.25 and a one year high of $62.29.

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.