Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Price Up 0% – Time to Buy?

Roundhill Magnificent Seven ETF (BATS:MAGS)’s stock price was up 0% during mid-day trading on Tuesday . The company traded as high as $67.22 and last traded at $66.95. 2,227,407 shares traded hands during trading, a decline of 47% from the average session volume of 4,186,202 shares. The stock had previously closed at $66.93.

Roundhill Magnificent Seven ETF Stock Performance

The company has a fifty day moving average of $66.96 and a two-hundred day moving average of $64.57. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP grew its position in shares of Roundhill Magnificent Seven ETF by 101.3% during the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Roundhill Magnificent Seven ETF during the 2nd quarter worth $3,768,000. J.Safra Asset Management Corp raised its holdings in Roundhill Magnificent Seven ETF by 2.9% in the 4th quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after acquiring an additional 42,741 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Roundhill Magnificent Seven ETF during the 4th quarter valued at $1,762,000. Finally, Advisory Services Network LLC grew its holdings in shares of Roundhill Magnificent Seven ETF by 169.5% during the 4th quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after purchasing an additional 25,733 shares in the last quarter.

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.