Sigma Planning Corp Buys 57,448 Shares of Fidelity Magellan ETF $FMAG

Sigma Planning Corp purchased a new stake in Fidelity Magellan ETF (BATS:FMAG) in the third quarter, HoldingsChannel reports. The firm purchased 57,448 shares of the company’s stock, valued at approximately $2,077,000.

A number of other hedge funds have also made changes to their positions in the company. Arkadios Wealth Advisors raised its stake in shares of Fidelity Magellan ETF by 14.1% during the 1st quarter. Arkadios Wealth Advisors now owns 220,450 shares of the company’s stock worth $6,971,000 after buying an additional 27,299 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Magellan ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 100,620 shares of the company’s stock worth $3,700,000 after buying an additional 3,028 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Fidelity Magellan ETF by 15.5% in the 1st quarter. Kestra Advisory Services LLC now owns 40,172 shares of the company’s stock worth $1,270,000 after buying an additional 5,381 shares in the last quarter. Cetera Investment Advisers grew its stake in Fidelity Magellan ETF by 66.3% in the 1st quarter. Cetera Investment Advisers now owns 28,808 shares of the company’s stock valued at $911,000 after acquiring an additional 11,489 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Fidelity Magellan ETF in the 2nd quarter valued at about $253,000.

Fidelity Magellan ETF Trading Up 0.9%

BATS:FMAG opened at $35.07 on Wednesday. The firm has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $35.15. Fidelity Magellan ETF has a twelve month low of $30.49 and a twelve month high of $37.58. The company has a market capitalization of $258.82 million, a P/E ratio of 34.77 and a beta of 1.13.

Fidelity Magellan ETF Company Profile

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.