Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Price Down 0.5% – Here’s What Happened

Roundhill Magnificent Seven ETF (BATS:MAGS) shares dropped 0.5% on Tuesday . The stock traded as low as $60.16 and last traded at $61.29. Approximately 7,542,708 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 4,195,186 shares. The stock had previously closed at $61.61.

Roundhill Magnificent Seven ETF Trading Down 0.5%

The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The company has a 50 day moving average price of $64.55 and a 200 day moving average price of $64.52.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Hilton Head Capital Partners LLC acquired a new position in Roundhill Magnificent Seven ETF in the fourth quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new position in Roundhill Magnificent Seven ETF in the third quarter valued at about $31,000. GoalVest Advisory LLC bought a new position in Roundhill Magnificent Seven ETF during the third quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Roundhill Magnificent Seven ETF during the 3rd quarter worth about $51,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the 2nd quarter valued at about $56,000.

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.