Roundhill Magnificent Seven ETF (BATS:MAGS) Reaches New 12-Month High – Should You Buy?

Roundhill Magnificent Seven ETF (BATS:MAGS) shares reached a new 52-week high on Monday. The company traded as high as $73.46 and last traded at $73.2980, with a volume of 893622 shares. The stock had previously closed at $72.59.

Roundhill Magnificent Seven ETF Stock Up 0.5%

The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The company’s fifty day moving average is $69.31 and its two-hundred day moving average is $66.60.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp increased its holdings in 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 valued at $99,614,000 after purchasing an additional 42,741 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Roundhill Magnificent Seven ETF by 5.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock worth $1,968,000 after buying an additional 1,846 shares during the period. Cooksen Wealth LLC grew its position in shares of Roundhill Magnificent Seven ETF by 3.2% during the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock worth $1,041,000 after buying an additional 557 shares during the period. Noble Wealth Management PBC increased its stake in shares of Roundhill Magnificent Seven ETF by 953.5% in the 3rd quarter. Noble Wealth Management PBC now owns 10,535 shares of the company’s stock valued at $755,000 after acquiring an additional 9,535 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Roundhill Magnificent Seven ETF by 22.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after acquiring an additional 362 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.