Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Price Up 0% – Time to Buy?

Shares of Roundhill Magnificent Seven ETF (BATS:MAGS) shot up 0% during mid-day trading on Tuesday . The stock traded as high as $67.22 and last traded at $66.95. Approximately 2,227,407 shares traded hands during trading, a decline of 47% from the average daily volume of 4,186,202 shares. The stock had previously closed at $66.93.

Roundhill Magnificent Seven ETF Stock Performance

The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The business has a 50-day moving average of $66.87 and a 200-day moving average of $64.57.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Roundhill Magnificent Seven ETF in the 2nd quarter valued at $3,768,000. Cooksen Wealth LLC purchased a new stake in shares of Roundhill Magnificent Seven ETF in the second quarter valued at about $948,000. Captrust Financial Advisors grew its holdings in shares of Roundhill Magnificent Seven ETF by 28.4% during the second quarter. Captrust Financial Advisors now owns 8,311 shares of the company’s stock worth $461,000 after buying an additional 1,836 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Roundhill Magnificent Seven ETF by 101.3% during the third quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after buying an additional 261,587 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Roundhill Magnificent Seven ETF in the 3rd quarter valued at about $31,000.

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.