Magnificent Seven ETF (NASDAQ:MAGS) Hits New 1-Year High – What’s Next?

The Magnificent Seven ETF (NASDAQ:MAGS) shares hit a new 52-week high on Monday . The stock traded as high as $55.29 and last traded at $54.73, with a volume of 952715 shares traded. The stock had previously closed at $55.09.

Magnificent Seven ETF Stock Up 3.0 %

The stock has a market capitalization of $990.81 million, a P/E ratio of 135.27 and a beta of 1.55. The stock’s 50 day moving average price is $49.94 and its 200-day moving average price is $46.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magnificent Seven ETF stock. VitalStone Financial LLC bought a new position in The Magnificent Seven ETF (NASDAQ:MAGS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,216 shares of the company’s stock, valued at approximately $1,870,000. Magnificent Seven ETF makes up approximately 1.3% of VitalStone Financial LLC’s investment portfolio, making the stock its 19th biggest position. VitalStone Financial LLC owned approximately 0.24% of Magnificent Seven ETF at the end of the most recent reporting period. 15.39% of the stock is currently owned by institutional investors and hedge funds.

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.