Roundhill Magnificent Seven ETF (BATS:MAGS – Get Free Report)’s stock price was up 0.8% on Wednesday . The stock traded as high as $59.68 and last traded at $58.95. Approximately 3,311,695 shares changed hands during trading, a decline of 20% from the average daily volume of 4,147,390 shares. The stock had previously closed at $58.51.
Roundhill Magnificent Seven ETF Stock Up 0.8%
The business’s 50-day moving average price is $62.62 and its 200-day moving average price is $64.55. The firm has a market capitalization of $2.58 billion, a PE ratio of 35.22 and a beta of 1.31.
Institutional Investors Weigh In On Roundhill Magnificent Seven ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its stake in shares of Roundhill Magnificent Seven ETF by 101.3% during the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock valued at $33,709,000 after buying an additional 261,587 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Roundhill Magnificent Seven ETF in the second quarter worth $3,768,000. J.Safra Asset Management Corp raised its holdings in shares of Roundhill Magnificent Seven ETF by 3.4% during the third quarter. J.Safra Asset Management Corp now owns 1,467,479 shares of the company’s stock worth $95,181,000 after acquiring an additional 47,697 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Roundhill Magnificent Seven ETF during the fourth quarter worth $1,762,000. Finally, Advisory Services Network LLC boosted its position in Roundhill Magnificent Seven ETF by 169.5% during the fourth quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock valued at $2,699,000 after purchasing an additional 25,733 shares during the last quarter.
About Roundhill Magnificent Seven ETF
The Roundhill Magnificent Seven ETF (MAGS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.
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