Magnificent Seven ETF (NASDAQ:MAGS) Trading Up 0% – Should You Buy?

The Magnificent Seven ETF (NASDAQ:MAGS) shot up 0% during mid-day trading on Monday . The stock traded as high as $46.16 and last traded at $44.87. 2,714,174 shares were traded during trading, a decline of 5% from the average session volume of 2,867,023 shares. The stock had previously closed at $44.86.

Magnificent Seven ETF Stock Up 0.0 %

The stock’s fifty day simple moving average is $48.90 and its 200 day simple moving average is $51.22. The firm has a market capitalization of $1.71 billion, a PE ratio of 109.44 and a beta of 1.24.

Hedge Funds Weigh In On Magnificent Seven ETF

Institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp bought a new position in shares of Magnificent Seven ETF in the fourth quarter worth about $23,035,000. Comprehensive Financial Planning Inc. PA purchased a new position in Magnificent Seven ETF during the fourth quarter valued at approximately $877,000. Runnymede Capital Advisors Inc. bought a new position in shares of Magnificent Seven ETF in the fourth quarter worth approximately $510,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Magnificent Seven ETF in the fourth quarter worth $408,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Magnificent Seven ETF during the 4th quarter valued at $341,000. 15.39% of the stock is owned by institutional investors.

About 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.