Fidelity Magellan ETF (BATS:FMAG) Shares Down 2.6% – Time to Sell?

Posted by Dante Gardener on Jan 2nd, 2026

Fidelity Magellan ETF (BATS:FMAG – Get Free Report)’s share price fell 2.6% during trading on Wednesday . The company traded as low as $35.04 and last traded at $34.2010. 37,282 shares were traded during mid-day trading, a decline of 36% from the average session volume of 58,325 shares. The stock had previously closed at $35.13.

Fidelity Magellan ETF Stock Performance

The company’s fifty day moving average price is $34.34 and its 200 day moving average price is $34.56. The firm has a market capitalization of $252.40 million, a price-to-earnings ratio of 34.77 and a beta of 1.13.

Institutional Investors Weigh In On Fidelity Magellan ETF

Several large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in shares of Fidelity Magellan ETF during the second quarter worth about $74,000. JPMorgan Chase & Co. acquired a new position in Fidelity Magellan ETF during the 3rd quarter valued at about $257,000. Integrated Wealth Concepts LLC grew its position in Fidelity Magellan ETF by 18.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,780 shares of the company’s stock worth $274,000 after purchasing an additional 1,239 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Fidelity Magellan ETF in the second quarter valued at approximately $310,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Fidelity Magellan ETF by 10.4% during the first quarter. Jones Financial Companies Lllp now owns 11,523 shares of the company’s stock valued at $335,000 after buying an additional 1,083 shares during the last quarter.

About Fidelity Magellan ETF

(Get Free Report)

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.