Noble Wealth Management PBC Acquires 9,535 Shares of Roundhill Magnificent Seven ETF $MAGS

Noble Wealth Management PBC boosted its holdings in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) by 953.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,535 shares of the company’s stock after buying an additional 9,535 shares during the period. Noble Wealth Management PBC’s holdings in Roundhill Magnificent Seven ETF were worth $755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its position in shares of Roundhill Magnificent Seven ETF by 2.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock worth $99,614,000 after acquiring an additional 42,741 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Roundhill Magnificent Seven ETF during the 4th quarter worth about $27,000. Mascagni Wealth Management Inc. increased its holdings in Roundhill Magnificent Seven ETF by 25.7% during the 4th quarter. Mascagni Wealth Management Inc. now owns 12,484 shares of the company’s stock worth $823,000 after purchasing an additional 2,550 shares during the period. Compass Financial Management LLC acquired a new stake in Roundhill Magnificent Seven ETF in the 2nd quarter valued at about $58,000. Finally, Parallel Advisors LLC raised its position in Roundhill Magnificent Seven ETF by 51.9% in the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

Shares of MAGS traded down $0.25 during midday trading on Thursday, hitting $71.44. The company had a trading volume of 3,891,026 shares, compared to its average volume of 4,091,447. Roundhill Magnificent Seven ETF has a 1 year low of $55.08 and a 1 year high of $73.46. The firm has a market capitalization of $3.13 billion, a P/E ratio of 35.22 and a beta of 1.31. The company’s 50-day simple moving average is $68.54 and its 200-day simple moving average is $66.26.

Roundhill Magnificent Seven ETF 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.