Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO) Stake Lifted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in Fidelity Fundamental Large Cap Growth ETF (BATS:FGRO) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,689 shares of the company’s stock after acquiring an additional 30,957 shares during the period. Avantax Advisory Services Inc. owned approximately 0.89% of Fidelity Fundamental Large Cap Growth ETF worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 1.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 50,622 shares of the company’s stock valued at $960,000 after acquiring an additional 650 shares in the last quarter. Financial Management Network Inc. lifted its position in shares of Fidelity Fundamental Large Cap Growth ETF by 0.8% in the 1st quarter. Financial Management Network Inc. now owns 178,926 shares of the company’s stock valued at $3,857,000 after acquiring an additional 1,406 shares in the last quarter. Investment Advisory Services Inc. TX ADV increased its stake in Fidelity Fundamental Large Cap Growth ETF by 2.2% in the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 159,043 shares of the company’s stock valued at $3,477,000 after buying an additional 3,375 shares during the period. Principal Securities Inc. acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the 4th quarter worth $144,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 49.6% during the 1st quarter. Sunbelt Securities Inc. now owns 36,526 shares of the company’s stock worth $798,000 after purchasing an additional 12,117 shares during the last quarter.

Fidelity Fundamental Large Cap Growth ETF Price Performance

BATS:FGRO traded up $0.07 during midday trading on Wednesday, reaching $24.36. The stock had a trading volume of 34,568 shares. The business has a fifty day moving average price of $23.18 and a two-hundred day moving average price of $21.61. The firm has a market capitalization of $325.94 million, a PE ratio of 36.74 and a beta of 1.44.

Fidelity Fundamental Large Cap Growth ETF Profile

The Fidelity Growth Opportunities ETF (FGRO) is an exchange-traded fund that is based on the Russell 1000 Growth TR USD index. The fund is an actively-managed, non-transparent ETF that invests in growth stocks from domestic and foreign issuers. Stocks are selected based on fundamental factors FGRO was launched on Feb 2, 2021 and is managed by Fidelity.