Magnificent Seven ETF (NASDAQ:MAGS) Trading Up 0% – Here’s What Happened

The Magnificent Seven ETF (NASDAQ:MAGS) shares shot up 0% during trading on Thursday . The company traded as high as $47.66 and last traded at $47.46. 465,278 shares were traded during mid-day trading, an increase of 7% from the average session volume of 434,678 shares. The stock had previously closed at $47.45.

Magnificent Seven ETF Trading Up 0.0 %

The company has a market cap of $782.14 million, a PE ratio of 115.76 and a beta of 1.55. The firm has a 50 day moving average of $44.93 and a two-hundred day moving average of $43.23.

Hedge Funds Weigh In On Magnificent Seven ETF

An institutional investor recently bought a new position in Magnificent Seven ETF stock. Ashton Thomas Private Wealth LLC acquired a new position in The Magnificent Seven ETF (NASDAQ:MAGS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period. 15.39% of the stock is owned by institutional investors.

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.