Kingswood Wealth Advisors LLC lifted its holdings in shares of The Magnificent Seven ETF (NASDAQ:MAGS – Free Report) by 36.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,200 shares of the company’s stock after buying an additional 2,700 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Magnificent Seven ETF were worth $476,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of Magnificent Seven ETF during the 4th quarter worth $257,000. Parallel Advisors LLC acquired a new position in shares of Magnificent Seven ETF during the 1st quarter worth $34,000. Strategic Wealth Partners Ltd. acquired a new position in shares of Magnificent Seven ETF during the 4th quarter worth $231,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Magnificent Seven ETF during the 4th quarter worth $510,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Magnificent Seven ETF during the 4th quarter worth $23,035,000. Institutional investors and hedge funds own 15.39% of the company’s stock.
Magnificent Seven ETF Stock Performance
Magnificent Seven ETF stock opened at $52.86 on Friday. The Magnificent Seven ETF has a 52 week low of $38.51 and a 52 week high of $58.69. The stock has a market capitalization of $2.19 billion, a P/E ratio of 128.93 and a beta of 1.31. The stock has a fifty day moving average of $49.71 and a 200-day moving average of $51.34.
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.
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