Roundhill Magnificent Seven ETF (BATS:MAGS) Sets New 1-Year High – Still a Buy?

Roundhill Magnificent Seven ETF (BATS:MAGS) shares reached a new 52-week high during trading on Thursday . The company traded as high as $69.28 and last traded at $69.06, with a volume of 344327 shares changing hands. The stock had previously closed at $68.46.

Roundhill Magnificent Seven ETF Stock Up 0.6%

The company has a market cap of $3.02 billion, a PE ratio of 35.22 and a beta of 1.31. The business has a 50-day simple moving average of $61.89 and a 200-day simple moving average of $64.29.

Institutional Trading of Roundhill Magnificent Seven ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC raised its position in Roundhill Magnificent Seven ETF by 59.5% in the first quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 247 shares during the period. Cooksen Wealth LLC raised its position in Roundhill Magnificent Seven ETF by 1.8% in the fourth quarter. Cooksen Wealth LLC now owns 17,413 shares of the company’s stock valued at $1,149,000 after purchasing an additional 301 shares during the period. Sound Income Strategies LLC raised its position in Roundhill Magnificent Seven ETF by 22.2% in the first quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after purchasing an additional 362 shares during the period. Murphy & Mullick Capital Management Corp increased its position in shares of Roundhill Magnificent Seven ETF by 36.9% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock worth $97,000 after acquiring an additional 450 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Roundhill Magnificent Seven ETF during the third quarter worth $31,000.

Roundhill 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. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.