Redhawk Wealth Advisors Inc. Invests $12.53 Million in Fidelity Blue Chip Growth ETF $FBCG

Redhawk Wealth Advisors Inc. purchased a new stake in shares of Fidelity Blue Chip Growth ETF (BATS:FBCG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 201,662 shares of the company’s stock, valued at approximately $12,525,000. Fidelity Blue Chip Growth ETF comprises about 1.2% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 19th largest position. Redhawk Wealth Advisors Inc. owned about 0.22% of Fidelity Blue Chip Growth ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Fidelity Blue Chip Growth ETF in the second quarter valued at about $246,000. Wealthcare Capital Partners LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 7.0% during the second quarter. Wealthcare Capital Partners LLC now owns 8,022 shares of the company’s stock worth $498,000 after buying an additional 528 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in shares of Fidelity Blue Chip Growth ETF by 3.1% in the second quarter. Sax Wealth Advisors LLC now owns 193,373 shares of the company’s stock valued at $12,010,000 after acquiring an additional 5,738 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Fidelity Blue Chip Growth ETF by 265.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 530 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its stake in shares of Fidelity Blue Chip Growth ETF by 2.3% in the second quarter. First Heartland Consultants Inc. now owns 117,618 shares of the company’s stock valued at $7,305,000 after acquiring an additional 2,609 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

Shares of FBCG opened at $62.41 on Tuesday. The company has a market capitalization of $5.66 billion, a P/E ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a one year low of $47.60 and a one year high of $64.32. The business’s 50 day simple moving average is $61.18 and its 200-day simple moving average is $57.32.

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.