Truist Financial Corp Increases Investment in Fidelity Blue Chip Growth ETF

Truist Financial Corp has reported a 6.9% increase in its investment in the Fidelity Blue Chip Growth ETF (BATS:FBCG) during the fourth quarter, as disclosed in their recent SEC filing. The fund now owns a total of 7,658 shares in the ETF, having bought an additional 491 shares in the last quarter. As of the latest filing, Truist Financial Corp's total holdings in the Fidelity Blue Chip Growth ETF are valued at approximately $354,000.

In addition to Truist, several other hedge funds have also adjusted their positions in the Fidelity Blue Chip Growth ETF. Pathway Financial Advisers LLC has increased its stake by 29.0% during the same period, bringing their total shares to 1,211, valued at $56,000 after acquiring an extra 272 shares. Moreover, Synergy Asset Management LLC entered a new position in the ETF, valued at about $73,000. Stonebridge Financial Group LLC and Silver Oak Securities Incorporated also established new positions with investments worth approximately $95,000 and $211,000, respectively. Principal Securities Inc. has significantly grown its investment by 100.9%, now holding 4,588 shares valued at $212,000 after purchasing an additional 2,304 shares in the fourth quarter.

Performance of Fidelity Blue Chip Growth ETF

The Fidelity Blue Chip Growth ETF opened at $43.36 recently. The ETF has a 50-day moving average of $47.07 and a 200-day moving average of $45.05. With a market capitalization of $3.83 billion, the fund carries a P/E ratio of 35.21 and a beta of 1.30, indicating a moderate level of volatility compared to the overall market.

Overview of Fidelity Blue Chip Growth ETF

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund designed to track the Russell 1000 Growth Index. The fund adopts an actively-managed, non-transparent investment strategy focusing on fundamentally selected global growth stocks. FBCG was launched on June 3, 2020, and is managed by Fidelity, a well-known name in the investment management industry.

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For more information on the holdings by hedge funds in Fidelity Blue Chip Growth ETF, visit HoldingsChannel.com for the latest insider trades and 13F filings.

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ETF, Investment, Finance