J.Safra Asset Management Corp Has $95.18 Million Stock Position in Roundhill Magnificent Seven ETF $MAGS

J.Safra Asset Management Corp lifted its stake in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,467,479 shares of the company’s stock after purchasing an additional 47,697 shares during the quarter. Roundhill Magnificent Seven ETF comprises about 5.8% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 5th largest holding. J.Safra Asset Management Corp owned 3.35% of Roundhill Magnificent Seven ETF worth $95,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Graypoint LLC acquired a new position in Roundhill Magnificent Seven ETF during the 2nd quarter valued at about $23,274,000. Marshall Wace LLP bought a new position in shares of Roundhill Magnificent Seven ETF in the second quarter valued at approximately $14,318,000. JPMorgan Chase & Co. acquired a new position in shares of Roundhill Magnificent Seven ETF during the second quarter valued at approximately $3,768,000. Cooksen Wealth LLC acquired a new position in shares of Roundhill Magnificent Seven ETF during the second quarter valued at approximately $948,000. Finally, City of London Investment Management Co. Ltd. bought a new stake in Roundhill Magnificent Seven ETF during the second quarter worth approximately $546,000.

Roundhill Magnificent Seven ETF Price Performance

MAGS opened at $64.90 on Friday. The business has a fifty day moving average price of $66.23 and a 200 day moving average price of $63.10. The firm has a market capitalization of $2.84 billion, a P/E ratio of 35.22 and a beta of 1.31.

Roundhill Magnificent Seven ETF Company 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.