Roundhill Magnificent Seven ETF (BATS:MAGS) Hits New 52-Week High – Here’s What Happened

Roundhill Magnificent Seven ETF (BATS:MAGS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $71.25 and last traded at $70.6490, with a volume of 711774 shares trading hands. The stock had previously closed at $70.78.

Roundhill Magnificent Seven ETF Price Performance

The company has a 50-day moving average price of $67.71 and a two-hundred day moving average price of $65.60. The company has a market cap of $3.10 billion, a PE ratio of 35.22 and a beta of 1.31.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Roundhill Magnificent Seven ETF by 51.9% in the first 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. Hilton Head Capital Partners LLC raised its stake in Roundhill Magnificent Seven ETF by 59.5% during the first quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock valued at $38,000 after buying an additional 247 shares in the last quarter. Sound Income Strategies LLC raised its stake in Roundhill Magnificent Seven ETF by 22.2% during the first quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after buying an additional 362 shares in the last quarter. Murphy & Mullick Capital Management Corp lifted its holdings in Roundhill Magnificent Seven ETF by 36.9% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock worth $97,000 after buying an additional 450 shares during the last quarter. Finally, Cooksen Wealth LLC lifted its holdings in Roundhill Magnificent Seven ETF by 3.2% during the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock worth $1,041,000 after buying an additional 557 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.