Roundhill Magnificent Seven ETF (BATS:MAGS) Hits New 12-Month High – Here’s What Happened

Roundhill Magnificent Seven ETF (BATS:MAGS)’s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $74.36 and last traded at $74.0810, with a volume of 982,589 shares trading hands. The stock had previously closed at $73.77.

Roundhill Magnificent Seven ETF Trading Up 0.4%

The company has a market cap of $3.26 billion, a PE ratio of 35.22 and a beta of 1.31. The firm’s fifty day moving average is $70.09 and its 200 day moving average is $67.13.

Institutional Trading of Roundhill Magnificent Seven ETF

Institutional investors have recently modified their holdings of the stock. Ayalon Insurance Comp Ltd. purchased a new position in Roundhill Magnificent Seven ETF in the 3rd quarter valued at about $9,725,000. Rye Brook Capital LLC increased its stake in Roundhill Magnificent Seven ETF by 47.8% during the 3rd quarter. Rye Brook Capital LLC now owns 41,020 shares of the company’s stock worth $2,941,000 after buying an additional 13,270 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Roundhill Magnificent Seven ETF by 5.7% during the first quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock valued at $1,968,000 after acquiring an additional 1,846 shares during the last quarter. Cooksen Wealth LLC raised its holdings in shares of Roundhill Magnificent Seven ETF by 3.2% during the first quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock valued at $1,041,000 after acquiring an additional 557 shares during the last quarter. Finally, Noble Wealth Management PBC raised its holdings in shares of Roundhill Magnificent Seven ETF by 953.5% during the third quarter. Noble Wealth Management PBC now owns 10,535 shares of the company’s stock valued at $755,000 after acquiring an additional 9,535 shares during the last quarter.

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.