Roundhill Magnificent Seven ETF (BATS:MAGS) Shares Down 1.3% – What’s Next?

Roundhill Magnificent Seven ETF (BATS:MAGS) fell 1.3% on Tuesday . The company traded as low as $64.45 and last traded at $65.66. 3,961,718 shares were traded during trading, an increase of 0% from the average session volume of 3,943,855 shares. The stock had previously closed at $66.53.

Roundhill Magnificent Seven ETF Stock Performance

The company has a market cap of $2.88 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The company has a fifty day moving average of $66.04 and a two-hundred day moving average of $64.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new stake in Roundhill Magnificent Seven ETF during the 4th quarter worth approximately $27,000. Parallel Advisors LLC increased its position in Roundhill Magnificent Seven ETF by 51.9% in the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Roundhill Magnificent Seven ETF during the third quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in shares of Roundhill Magnificent Seven ETF during the third quarter valued at $51,000. Finally, Murphy & Mullick Capital Management Corp lifted its holdings in shares of Roundhill Magnificent Seven ETF by 36.9% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock worth $97,000 after purchasing an additional 450 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.