Fidelity Magellan ETF (BATS:FMAG – Get Free Report)’s stock price traded up 1.9% on Thursday . The stock traded as high as $31.83 and last traded at $31.64. 199,009 shares traded hands during mid-day trading, The stock had previously closed at $31.05.
Fidelity Magellan ETF Stock Performance
The business’s 50 day moving average price is $31.64 and its 200-day moving average price is $30.59. The firm has a market capitalization of $106.37 million, a PE ratio of 0.86 and a beta of 1.13.
Hedge Funds Weigh In On Fidelity Magellan ETF
Large investors have recently made changes to their positions in the stock. Elevation Capital Advisory LLC acquired a new stake in Fidelity Magellan ETF during the 2nd quarter worth approximately $265,000. Sigma Planning Corp lifted its holdings in Fidelity Magellan ETF by 24.9% during the 3rd quarter. Sigma Planning Corp now owns 15,601 shares of the company’s stock worth $478,000 after buying an additional 3,114 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Fidelity Magellan ETF by 344.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 51,753 shares of the company’s stock worth $1,585,000 after buying an additional 40,098 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Fidelity Magellan ETF in the 3rd quarter valued at $3,250,000. Finally, Beam Wealth Advisors Inc. raised its holdings in shares of Fidelity Magellan ETF by 4.6% in the 3rd quarter. Beam Wealth Advisors Inc. now owns 125,866 shares of the company’s stock valued at $3,854,000 after purchasing an additional 5,503 shares in the last quarter.
Fidelity Magellan ETF Company Profile
The Fidelity Magellan ETF (FMAG) is an exchange-traded fund that is based on the S&P 500 TR USD index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model. FMAG was launched on Feb 2, 2021 and is managed by Fidelity.
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