Magnificent Seven ETF (NASDAQ:MAGS) Sees Large Volume Increase

Shares of The Magnificent Seven ETF (NASDAQ:MAGS) saw unusually-high trading volume on Thursday . Approximately 179,726 shares traded hands during trading, a decline of 57% from the previous session’s volume of 415,929 shares.The stock last traded at $46.29 and had previously closed at $45.05.

Magnificent Seven ETF Stock Performance

The firm has a market capitalization of $694.71 million, a price-to-earnings ratio of 113.41 and a beta of 1.55. The business’s 50 day moving average is $44.43 and its 200-day moving average is $42.40.

Institutional Investors Weigh In On Magnificent Seven ETF

A hedge fund recently bought a new stake in Magnificent Seven ETF stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of The Magnificent Seven ETF (NASDAQ:MAGS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,392 shares of the company’s stock, valued at approximately $514,000. Ashton Thomas Private Wealth LLC owned 0.08% of Magnificent Seven ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 15.39% of the company’s stock.

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.