Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Price Up 0% – What’s Next?

Shares of Roundhill Magnificent Seven ETF (BATS:MAGS) traded up 0% during trading on Tuesday . The stock traded as high as $67.22 and last traded at $66.95. 2,227,407 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 4,186,202 shares. The stock had previously closed at $66.93.

Roundhill Magnificent Seven ETF Trading Up 0.0%

The company’s 50-day moving average is $66.96 and its 200-day moving average is $64.57. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.

Institutional Trading of Roundhill Magnificent Seven ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Hilton Head Capital Partners LLC bought a new position in Roundhill Magnificent Seven ETF in the fourth quarter valued at about $27,000. Parallel Advisors LLC increased its position in Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Roundhill Magnificent Seven ETF in the 3rd quarter valued at approximately $31,000. Brandywine Financial Group acquired a new stake in Roundhill Magnificent Seven ETF in the first quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Roundhill Magnificent Seven ETF by 88.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,479 shares of the company’s stock worth $98,000 after buying an additional 693 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.