Magnificent Seven ETF (NASDAQ:MAGS) Reaches New 1-Year High – Here’s What Happened

The Magnificent Seven ETF (NASDAQ:MAGS) shares hit a new 52-week high on Monday . The company traded as high as $55.29 and last traded at $54.73, with a volume of 952715 shares changing hands. The stock had previously closed at $55.09.

Magnificent Seven ETF Trading Down 0.3 %

The stock has a market capitalization of $952.14 million, a price-to-earnings ratio of 134.37 and a beta of 1.55. The firm has a 50-day moving average of $49.62 and a 200-day moving average of $46.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magnificent Seven ETF stock. Ashton Thomas Private Wealth LLC acquired a new stake in The Magnificent Seven ETF (NASDAQ:MAGS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,392 shares of the company’s stock, valued at approximately $514,000. Ashton Thomas Private Wealth LLC owned about 0.08% of Magnificent Seven ETF at the end of the most recent reporting period. Institutional investors own 15.39% of the company’s stock.

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.