Sumitomo Mitsui Trust Group Inc. Purchases 21,564 Shares of Roundhill Magnificent Seven ETF $MAGS

Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,564 shares of the company’s stock, valued at approximately $1,546,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 51.9% in the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Compass Financial Management LLC bought a new position in shares of Roundhill Magnificent Seven ETF in the second quarter valued at about $58,000. Brandywine Financial Group bought a new position in shares of Roundhill Magnificent Seven ETF in the first quarter valued at about $53,000. SBI Securities Co. Ltd. raised its position in shares of Roundhill Magnificent Seven ETF by 23.4% in the third quarter. SBI Securities Co. Ltd. now owns 2,811 shares of the company’s stock valued at $202,000 after purchasing an additional 533 shares during the period. Finally, Noble Wealth Management PBC lifted its stake in shares of Roundhill Magnificent Seven ETF by 953.5% during the 3rd quarter. Noble Wealth Management PBC now owns 10,535 shares of the company’s stock worth $755,000 after buying an additional 9,535 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

BATS MAGS opened at $67.53 on Friday. The stock has a market cap of $5.00 billion, a PE ratio of 34.47 and a beta of 1.38. The firm has a 50-day moving average of $70.97 and a 200-day moving average of $66.41. Roundhill Magnificent Seven ETF has a 52-week low of $55.08 and a 52-week high of $74.78.

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.