Roundhill Magnificent Seven ETF (BATS:MAGS) Hits New 52-Week High – Here’s What Happened
by Amy Steele · The Cerbat GemShares of Roundhill Magnificent Seven ETF (BATS:MAGS – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.25 and last traded at $70.6490, with a volume of 711774 shares changing hands. The stock had previously closed at $70.78.
Roundhill Magnificent Seven ETF Price Performance
The stock’s fifty day simple moving average is $67.71 and its two-hundred day simple moving average is $65.60. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.
Hedge Funds Weigh In On Roundhill Magnificent Seven ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. J.Safra Asset Management Corp grew its stake in shares of Roundhill Magnificent Seven ETF by 2.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock worth $99,614,000 after purchasing an additional 42,741 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 5.7% during the first quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock valued at $1,968,000 after purchasing an additional 1,846 shares during the period. Cooksen Wealth LLC raised its stake in shares of Roundhill Magnificent Seven ETF by 3.2% during the first quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock valued at $1,041,000 after purchasing an additional 557 shares in the last quarter. Mascagni Wealth Management Inc. raised its stake in shares of Roundhill Magnificent Seven ETF by 25.7% during the fourth quarter. Mascagni Wealth Management Inc. now owns 12,484 shares of the company’s stock valued at $823,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Roundhill Magnificent Seven ETF by 22.2% in the first quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock worth $117,000 after purchasing an additional 362 shares during the period.
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.