Fidelity Magellan ETF (BATS:FMAG – Get Free Report)’s stock price traded up 4.8% during mid-day trading on Monday . The company traded as high as $31.83 and last traded at $32.55. 199,009 shares traded hands during mid-day trading, The stock had previously closed at $31.05.
Fidelity Magellan ETF Price Performance
The firm has a market cap of $108.29 million, a PE ratio of 0.86 and a beta of 1.13. The business’s fifty day moving average is $31.91 and its 200-day moving average is $31.03.
Institutional Investors Weigh In On Fidelity Magellan ETF
Institutional investors have recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC bought a new stake in shares of Fidelity Magellan ETF in the fourth quarter valued at approximately $313,000. Jones Financial Companies Lllp bought a new position in shares of Fidelity Magellan ETF in the fourth quarter worth $323,000. Summit X LLC raised its holdings in shares of Fidelity Magellan ETF by 4.7% in the 4th quarter. Summit X LLC now owns 14,757 shares of the company’s stock valued at $457,000 after acquiring an additional 658 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Fidelity Magellan ETF by 24.9% during the 3rd quarter. Sigma Planning Corp now owns 15,601 shares of the company’s stock valued at $478,000 after acquiring an additional 3,114 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Fidelity Magellan ETF by 59.9% during the 4th quarter. Citadel Advisors LLC now owns 23,805 shares of the company’s stock valued at $737,000 after acquiring an additional 8,915 shares during the last quarter.
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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