Redhawk Wealth Advisors Inc. Makes New $12.53 Million Investment in Fidelity Blue Chip Growth ETF $FBCG

Redhawk Wealth Advisors Inc. acquired a new stake in Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 201,662 shares of the company’s stock, valued at approximately $12,525,000. Fidelity Blue Chip Growth ETF makes up approximately 1.2% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 19th biggest holding.

Other institutional investors also recently modified their holdings of the company. Align Financial LLC bought a new stake in shares of Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $845,406,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Blue Chip Growth ETF by 4.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,760,021 shares of the company’s stock valued at $535,240,000 after purchasing an additional 452,011 shares in the last quarter. Dynasty Wealth Management LLC raised its position in Fidelity Blue Chip Growth ETF by 6.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,442,209 shares of the company’s stock worth $408,131,000 after purchasing an additional 431,140 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Blue Chip Growth ETF by 249.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock worth $127,531,000 after purchasing an additional 1,660,026 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Fidelity Blue Chip Growth ETF by 2.1% during the 3rd quarter. Bank of America Corp DE now owns 1,555,385 shares of the company’s stock worth $83,462,000 after buying an additional 32,087 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

BATS:FBCG opened at $62.41 on Tuesday. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The stock’s fifty day moving average price is $61.18 and its two-hundred day moving average price is $57.32. Fidelity Blue Chip Growth ETF has a 52-week low of $47.60 and a 52-week high of $64.32.

Fidelity Blue Chip Growth ETF Profile

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.