CoreCap Advisors LLC Decreases Stake in Roundhill Magnificent Seven ETF $MAGS

CoreCap Advisors LLC cut its holdings in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) by 58.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,021 shares of the company’s stock after selling 29,302 shares during the quarter. CoreCap Advisors LLC’s holdings in Roundhill Magnificent Seven ETF were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MAGS. GoalVest Advisory LLC bought a new position in Roundhill Magnificent Seven ETF during the 3rd quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the second quarter worth approximately $32,000. AdvisorNet Financial Inc purchased a new position in shares of Roundhill Magnificent Seven ETF during the second quarter valued at approximately $38,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Roundhill Magnificent Seven ETF during the second quarter valued at approximately $56,000. Finally, Wedbush Securities Inc. bought a new position in Roundhill Magnificent Seven ETF during the second quarter valued at approximately $406,000.

Roundhill Magnificent Seven ETF Stock Down 0.0%

Shares of MAGS stock opened at $65.88 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 35.22 and a beta of 1.31. The stock has a 50-day moving average of $66.42 and a 200 day moving average of $62.58.

Roundhill Magnificent Seven ETF Profile

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.