Runnymede Capital Advisors Inc. Takes $510,000 Position in The Magnificent Seven ETF (NASDAQ:MAGS)

Runnymede Capital Advisors Inc. bought a new position in shares of The Magnificent Seven ETF (NASDAQ:MAGS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,364 shares of the company’s stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. bought a new position in shares of Magnificent Seven ETF during the 4th quarter valued at about $175,000. Goodman Financial Corp acquired a new position in shares of Magnificent Seven ETF in the fourth quarter valued at approximately $225,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Magnificent Seven ETF during the fourth quarter worth $408,000. Comprehensive Financial Planning Inc. PA acquired a new position in Magnificent Seven ETF in the 4th quarter worth $877,000. Finally, J.Safra Asset Management Corp bought a new position in Magnificent Seven ETF during the 4th quarter worth about $23,035,000. 15.39% of the stock is owned by institutional investors and hedge funds.

Magnificent Seven ETF Price Performance

MAGS opened at $47.31 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 115.39 and a beta of 1.55. The business’s 50-day moving average price is $52.55 and its two-hundred day moving average price is $51.17. The Magnificent Seven ETF has a 1 year low of $36.24 and a 1 year high of $58.69.

Magnificent Seven ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were paid a $0.4397 dividend. The ex-dividend date was Monday, December 30th. Magnificent Seven ETF’s payout ratio is 107.32%.

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.