Roundhill Magnificent Seven ETF (BATS:MAGS) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Roundhill Magnificent Seven ETF (BATS:MAGS)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $70.65 and traded as high as $71.33. Roundhill Magnificent Seven ETF shares last traded at $70.70, with a volume of 3,157,876 shares traded.

Roundhill Magnificent Seven ETF Trading Up 0.9%

The company has a market capitalization of $3.10 billion, a P/E ratio of 35.22 and a beta of 1.31. The company’s fifty day moving average is $70.65 and its 200 day moving average is $66.26.

Institutional Trading of Roundhill Magnificent Seven ETF

A number of large investors have recently modified their holdings of MAGS. Wedbush Securities Inc. purchased a new position in Roundhill Magnificent Seven ETF in the 3rd quarter worth approximately $996,000. SBI Securities Co. Ltd. increased its holdings in shares of Roundhill Magnificent Seven ETF by 23.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,811 shares of the company’s stock worth $202,000 after buying an additional 533 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Roundhill Magnificent Seven ETF by 1.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,863 shares of the company’s stock valued at $1,424,000 after buying an additional 196 shares in the last quarter. Ayalon Insurance Comp Ltd. purchased a new stake in shares of Roundhill Magnificent Seven ETF during the 3rd quarter valued at $9,725,000. Finally, Rye Brook Capital LLC raised its position in shares of Roundhill Magnificent Seven ETF by 47.8% during the 3rd quarter. Rye Brook Capital LLC now owns 41,020 shares of the company’s stock valued at $2,941,000 after buying an additional 13,270 shares in the last quarter.

About Roundhill Magnificent Seven ETF

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.