Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Price Down 0.1% – What’s Next?

Roundhill Magnificent Seven ETF (BATS:MAGS) shares dropped 0.1% during mid-day trading on Monday . The stock traded as low as $66.93 and last traded at $67.20. 1,850,480 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 4,133,599 shares. The stock had previously closed at $67.28.

Roundhill Magnificent Seven ETF Price Performance

The company has a market cap of $2.96 billion, a PE ratio of 35.22 and a beta of 1.31. The company’s 50 day simple moving average is $66.09 and its two-hundred day simple moving average is $64.77.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Several large investors have recently made changes to their positions in MAGS. Marshall Wace LLP boosted its position in shares of Roundhill Magnificent Seven ETF by 101.3% during the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares during the period. JPMorgan Chase & Co. purchased a new stake in Roundhill Magnificent Seven ETF in the second quarter valued at approximately $3,768,000. J.Safra Asset Management Corp lifted its stake in Roundhill Magnificent Seven ETF by 2.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock worth $99,614,000 after purchasing an additional 42,741 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Roundhill Magnificent Seven ETF during the fourth quarter worth $1,762,000. Finally, Advisory Services Network LLC boosted its position in shares of Roundhill Magnificent Seven ETF by 169.5% during the fourth quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after buying an additional 25,733 shares during the period.

Roundhill Magnificent Seven ETF Company Profile

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.