Delta Investment Management LLC purchased a new position in Fidelity Magellan ETF (BATS:FMAG – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 58,939 shares of the company’s stock, valued at approximately $2,022,000.
A number of other hedge funds also recently bought and sold shares of the company. Impact Partnership Wealth LLC boosted its stake in Fidelity Magellan ETF by 7.3% in the 1st quarter. Impact Partnership Wealth LLC now owns 10,853 shares of the company’s stock worth $316,000 after purchasing an additional 739 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Fidelity Magellan ETF by 10.4% in the 1st quarter. Jones Financial Companies Lllp now owns 11,523 shares of the company’s stock worth $335,000 after purchasing an additional 1,083 shares in the last quarter. Sigma Planning Corp boosted its stake in Fidelity Magellan ETF by 33.4% in the 1st quarter. Sigma Planning Corp now owns 25,449 shares of the company’s stock worth $740,000 after purchasing an additional 6,374 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Fidelity Magellan ETF in the 1st quarter worth about $261,000. Finally, Summit X LLC boosted its stake in Fidelity Magellan ETF by 105.2% in the 1st quarter. Summit X LLC now owns 30,274 shares of the company’s stock worth $880,000 after purchasing an additional 15,517 shares in the last quarter.
Fidelity Magellan ETF Price Performance
Shares of Fidelity Magellan ETF stock opened at $35.10 on Monday. The stock has a market cap of $259.04 million, a price-to-earnings ratio of 34.77 and a beta of 1.13. The firm’s 50-day moving average is $34.98 and its 200 day moving average is $33.46. Fidelity Magellan ETF has a 1 year low of $25.24 and a 1 year high of $35.16.
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.
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Want to see what other hedge funds are holding FMAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Magellan ETF (BATS:FMAG – Free Report).
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