Fidelity Magellan ETF $FMAG Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Fidelity Magellan ETF (BATS:FMAG) by 23.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,111 shares of the company’s stock after selling 31,458 shares during the quarter. PNC Financial Services Group Inc. owned 1.42% of Fidelity Magellan ETF worth $3,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FMAG. MWA Asset Management bought a new stake in Fidelity Magellan ETF during the first quarter valued at $63,000. Sigma Planning Corp lifted its position in shares of Fidelity Magellan ETF by 15.6% in the 1st quarter. Sigma Planning Corp now owns 47,198 shares of the company’s stock worth $1,492,000 after buying an additional 6,352 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Fidelity Magellan ETF by 15.5% in the 1st quarter. Kestra Advisory Services LLC now owns 40,172 shares of the company’s stock worth $1,270,000 after buying an additional 5,381 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Magellan ETF by 107.1% in the 4th quarter. Cetera Investment Advisers now owns 17,319 shares of the company’s stock valued at $591,000 after buying an additional 8,956 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Fidelity Magellan ETF by 37.6% in the 4th quarter. Royal Bank of Canada now owns 25,755 shares of the company’s stock valued at $879,000 after buying an additional 7,035 shares during the period.

Fidelity Magellan ETF Stock Down 0.5%

Shares of BATS:FMAG opened at $34.95 on Wednesday. Fidelity Magellan ETF has a fifty-two week low of $30.49 and a fifty-two week high of $37.19. The firm has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $34.74. The company has a market cap of $257.93 million, a PE ratio of 34.77 and a beta of 1.13.

Fidelity Magellan ETF 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.