Roundhill Magnificent Seven ETF (BATS:MAGS) Trading 0.8% Higher – What’s Next?

Roundhill Magnificent Seven ETF (BATS:MAGS)’s share price traded up 0.8% on Wednesday . The stock traded as high as $59.68 and last traded at $58.95. 3,311,695 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 4,147,390 shares. The stock had previously closed at $58.51.

Roundhill Magnificent Seven ETF Stock Performance

The business has a 50-day moving average of $62.46 and a 200-day moving average of $64.50. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

A number of institutional investors have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in Roundhill Magnificent Seven ETF by 101.3% during the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Roundhill Magnificent Seven ETF during the second quarter worth about $3,768,000. J.Safra Asset Management Corp grew 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 buying an additional 47,697 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Roundhill Magnificent Seven ETF in the 4th quarter valued at about $1,762,000. Finally, Advisory Services Network LLC increased its position in Roundhill Magnificent Seven ETF by 169.5% in the 4th quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock valued at $2,699,000 after acquiring an additional 25,733 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.