Magnificent Seven ETF (NASDAQ:MAGS) Sets New 1-Year High – Here’s What Happened

The Magnificent Seven ETF (NASDAQ:MAGS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.98 and last traded at $49.55, with a volume of 259338 shares trading hands. The stock had previously closed at $49.34.

Magnificent Seven ETF Stock Performance

The firm has a fifty day moving average price of $46.14 and a 200 day moving average price of $44.07. The firm has a market capitalization of $815.59 million, a price-to-earnings ratio of 120.34 and a beta of 1.55.

Institutional Trading of Magnificent Seven ETF

A hedge fund recently bought a new stake in Magnificent Seven ETF stock. VitalStone Financial LLC purchased a new stake in The Magnificent Seven ETF (NASDAQ:MAGS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 39,216 shares of the company’s stock, valued at approximately $1,870,000. Magnificent Seven ETF accounts for about 1.3% of VitalStone Financial LLC’s holdings, making the stock its 19th biggest holding. VitalStone Financial LLC owned about 0.24% of Magnificent Seven ETF at the end of the most recent quarter. Institutional investors and hedge funds own 15.39% of the company’s stock.

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.