J.W. Cole Advisors Inc. Takes $2.22 Million Position in Fidelity Magellan ETF $FMAG

J.W. Cole Advisors Inc. purchased a new position in Fidelity Magellan ETF (BATS:FMAG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 63,064 shares of the company’s stock, valued at approximately $2,220,000. J.W. Cole Advisors Inc. owned 0.85% of Fidelity Magellan ETF at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Osaic Holdings Inc. acquired a new stake in Fidelity Magellan ETF in the second quarter valued at approximately $74,000. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity Magellan ETF during the 1st quarter valued at approximately $261,000. Bank of America Corp DE purchased a new position in shares of Fidelity Magellan ETF during the 2nd quarter valued at approximately $310,000. Jones Financial Companies Lllp grew its stake in Fidelity Magellan ETF by 10.4% in the 1st quarter. Jones Financial Companies Lllp now owns 11,523 shares of the company’s stock valued at $335,000 after acquiring an additional 1,083 shares during the period. Finally, Sigma Planning Corp increased its holdings in Fidelity Magellan ETF by 24.7% in the 2nd quarter. Sigma Planning Corp now owns 31,728 shares of the company’s stock worth $1,089,000 after acquiring an additional 6,279 shares in the last quarter.

Fidelity Magellan ETF Stock Performance

BATS:FMAG opened at $33.71 on Friday. The stock has a market capitalization of $248.74 million, a PE ratio of 34.77 and a beta of 1.13. Fidelity Magellan ETF has a fifty-two week low of $25.24 and a fifty-two week high of $35.16. The company has a fifty day moving average of $34.30 and a two-hundred day moving average of $34.65.

Fidelity Magellan ETF Profile

The Fidelity Magellan ETF (FMAG) is an exchange-traded fund that is based on the S&P 500 TR USD index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model. FMAG was launched on Feb 2, 2021 and is managed by Fidelity.