Magnificent Seven ETF (NASDAQ:MAGS) Sees Unusually-High Trading Volume – Here’s Why

The Magnificent Seven ETF (NASDAQ:MAGS) shares saw unusually-high trading volume on Tuesday . Approximately 620,683 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 571,049 shares.The stock last traded at $58.12 and had previously closed at $57.95.

Magnificent Seven ETF Stock Up 0.4 %

The company’s fifty day moving average price is $50.76 and its two-hundred day moving average price is $47.06. The firm has a market cap of $1.01 billion, a PE ratio of 141.34 and a beta of 1.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magnificent Seven ETF stock. VitalStone Financial LLC bought a new position in shares of The Magnificent Seven ETF (NASDAQ:MAGS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,216 shares of the company’s stock, valued at approximately $1,870,000. Magnificent Seven ETF accounts for 1.3% of VitalStone Financial LLC’s holdings, making the stock its 19th biggest holding. VitalStone Financial LLC owned 0.24% of Magnificent Seven ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.