Roundhill Magnificent Seven ETF (BATS:MAGS) Hits New 12-Month High – Still a Buy?

Roundhill Magnificent Seven ETF (BATS:MAGS) shares hit a new 52-week high during mid-day 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 Trading Up 1.1%

The stock’s 50-day moving average is $62.02 and its 200-day moving average is $64.33. The stock has a market cap of $3.05 billion, a P/E ratio of 35.22 and a beta of 1.31.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Several large investors have recently made changes to their positions in MAGS. Parallel Advisors LLC boosted its position in shares of Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Roundhill Magnificent Seven ETF during the 4th quarter valued at about $27,000. Sunbelt Securities Inc. bought a new position in shares of Roundhill Magnificent Seven ETF during the 3rd quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Roundhill Magnificent Seven ETF during the 3rd quarter valued at about $51,000. Finally, Murphy & Mullick Capital Management Corp boosted its position in shares of Roundhill Magnificent Seven ETF by 36.9% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock valued at $97,000 after purchasing an additional 450 shares in the last quarter.

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.