Roundhill Magnificent Seven ETF $MAGS Shares Purchased by Turn8 Private Wealth Inc.

Turn8 Private Wealth Inc. boosted its position in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) by 64.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,525 shares of the company’s stock after purchasing an additional 27,525 shares during the period. Roundhill Magnificent Seven ETF comprises 3.4% of Turn8 Private Wealth Inc.’s holdings, making the stock its 8th largest position. Turn8 Private Wealth Inc. owned approximately 0.16% of Roundhill Magnificent Seven ETF worth $5,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MAGS. City of London Investment Management Co. Ltd. acquired a new stake in shares of Roundhill Magnificent Seven ETF in the 3rd quarter valued at about $305,000. Vigilare Wealth Management bought a new position in shares of Roundhill Magnificent Seven ETF during the third quarter worth about $2,127,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Roundhill Magnificent Seven ETF during the third quarter worth about $1,546,000. Wedbush Securities Inc. bought a new position in shares of Roundhill Magnificent Seven ETF during the third quarter worth about $996,000. Finally, SBI Securities Co. Ltd. raised its position in Roundhill Magnificent Seven ETF by 23.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,811 shares of the company’s stock valued at $202,000 after buying an additional 533 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

Shares of Roundhill Magnificent Seven ETF stock opened at $68.55 on Wednesday. The firm has a market cap of $5.08 billion, a PE ratio of 34.47 and a beta of 1.38. The business’s 50 day simple moving average is $70.96 and its 200 day simple moving average is $66.47. Roundhill Magnificent Seven ETF has a 52-week low of $55.08 and a 52-week high of $74.78.

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.