Jones Financial Companies Lllp Takes Position in Fidelity Magellan ETF (BATS:FMAG)

Jones Financial Companies Lllp acquired a new stake in Fidelity Magellan ETF (BATS:FMAG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,440 shares of the company’s stock, valued at approximately $323,000. Jones Financial Companies Lllp owned about 0.31% of Fidelity Magellan ETF at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Fidelity Magellan ETF by 344.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 51,753 shares of the company’s stock valued at $1,585,000 after acquiring an additional 40,098 shares during the period. Sigma Planning Corp increased its holdings in Fidelity Magellan ETF by 22.3% in the 4th quarter. Sigma Planning Corp now owns 19,075 shares of the company’s stock worth $590,000 after buying an additional 3,474 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Fidelity Magellan ETF during the 4th quarter valued at about $313,000.

Fidelity Magellan ETF Trading Down 6.7 %

BATS FMAG opened at $28.96 on Wednesday. The stock has a market cap of $193.45 million, a PE ratio of 0.97 and a beta of 1.12. The business has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $31.20.

About Fidelity Magellan ETF

The Fidelity Magellan ETF (FMAG) is an exchange-traded fund that is based on the S&P 500 TR USD index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model. FMAG was launched on Feb 2, 2021 and is managed by Fidelity.