Roundhill Magnificent Seven ETF (BATS:MAGS) Shares Up 1.2% – Here’s Why

Shares of Roundhill Magnificent Seven ETF (BATS:MAGS) rose 1.2% on Monday . The stock traded as high as $64.20 and last traded at $63.84. Approximately 4,380,138 shares changed hands during trading, an increase of 13% from the average daily volume of 3,886,560 shares. The stock had previously closed at $63.11.

Roundhill Magnificent Seven ETF Stock Up 1.2%

The company has a market capitalization of $2.80 billion, a P/E ratio of 35.22 and a beta of 1.31. The firm has a fifty day simple moving average of $66.11 and a 200-day simple moving average of $64.14.

Institutional Trading of Roundhill Magnificent Seven ETF

Several hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in shares of Roundhill Magnificent Seven ETF in the third quarter valued at approximately $31,000. GoalVest Advisory LLC bought a new stake in Roundhill Magnificent Seven ETF in the 3rd quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in Roundhill Magnificent Seven ETF in the 3rd quarter worth $51,000. Twin Peaks Wealth Advisors LLC bought a new position in Roundhill Magnificent Seven ETF during the 2nd quarter worth about $56,000. Finally, Strategic Blueprint LLC bought a new position in Roundhill Magnificent Seven ETF during the 4th quarter worth about $347,000.

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.