Roundhill Magnificent Seven ETF (BATS:MAGS) Trading Down 1.3% – What’s Next?

Roundhill Magnificent Seven ETF (BATS:MAGS)’s share price fell 1.3% on Tuesday . The stock traded as low as $64.45 and last traded at $65.66. 3,961,718 shares were traded during mid-day trading, an increase of 0% from the average session volume of 3,943,855 shares. The stock had previously closed at $66.53.

Roundhill Magnificent Seven ETF Stock Performance

The stock has a market capitalization of $2.84 billion, a P/E ratio of 35.22 and a beta of 1.31. The company’s fifty day simple moving average is $66.35 and its two-hundred day simple moving average is $64.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in Roundhill Magnificent Seven ETF in the 2nd quarter valued at $3,768,000. Cooksen Wealth LLC acquired a new position in Roundhill Magnificent Seven ETF in the 2nd quarter valued at $948,000. Captrust Financial Advisors grew its holdings in Roundhill Magnificent Seven ETF by 28.4% in the 2nd quarter. Captrust Financial Advisors now owns 8,311 shares of the company’s stock valued at $461,000 after buying an additional 1,836 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Roundhill Magnificent Seven ETF in the 3rd quarter valued at $51,000. Finally, Marshall Wace LLP grew its holdings in Roundhill Magnificent Seven ETF by 101.3% in the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock valued at $33,709,000 after buying an additional 261,587 shares in 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.