Fidelity Growth Opportunities ETF
FGRO
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Feb 4, 2021
- CIK
- 0000945908
- Similar Companies
- Business
- Fidelity Growth Opportunities ETF (FGRO) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of growth-oriented equity securities of companies worldwide. The fund's core offerings include exposure to large-, mid-, and small-cap growth stocks across various sectors such as technology, consumer discretionary, healthcare, and industrials; it employs a bottom-up investment approach focusing on companies with sustainable competitive advantages, strong management teams, and attractive growth prospects at reasonable valuations. FGRO targets growth-minded investors, including individuals and institutions seeking higher risk-adjusted returns compared to broad market indices, and operates globally with primary emphasis on U.S.-listed securities while allowing up to 20% in non-U.S. companies. Launched in 2018 and domiciled in the United States with its sponsor, Fidelity Management & Research Company LLC headquartered in Boston, Massachusetts, FGRO forms part of Fidelity's suite of active ETFs distributed through Fidelity's brokerage platform and major exchanges. The fund maintains no subsidiaries but benefits from Fidelity's broader ecosystem, including research capabilities from Fidelity Investments. Geographically, it focuses on developed markets like North America, Europe, and Asia-Pacific, with allocations determined by portfolio managers' discretion. In recent developments, FGRO has seen portfolio adjustments amid market volatility, including increased allocations to artificial intelligence and semiconductor leaders following the 2024 tech rally; Fidelity announced enhancements to its active ETF strategies in late 2024, bolstering FGRO's position with new quantitative screening tools for growth stock selection. No major acquisitions or funding rounds apply as it is an ETF, but assets under management expanded significantly by over 50% year-over-year as of mid-2025, reflecting inflows from retirement plans and RIAs shifting toward active growth strategies. These changes underscore Fidelity's strategic pivot toward scalable active ETFs amid rising competition from passive funds.