Summit X LLC lifted its holdings in shares of Fidelity Magellan ETF (BATS:FMAG – Free Report) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,757 shares of the company’s stock after acquiring an additional 658 shares during the period. Summit X LLC’s holdings in Fidelity Magellan ETF were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Impact Partnership Wealth LLC acquired a new position in shares of Fidelity Magellan ETF during the fourth quarter worth approximately $313,000. Jones Financial Companies Lllp acquired a new stake in Fidelity Magellan ETF in the fourth quarter worth approximately $323,000. Sigma Planning Corp lifted its position in Fidelity Magellan ETF by 24.9% in the third quarter. Sigma Planning Corp now owns 15,601 shares of the company’s stock worth $478,000 after purchasing an additional 3,114 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Fidelity Magellan ETF by 344.0% in the third quarter. PNC Financial Services Group Inc. now owns 51,753 shares of the company’s stock worth $1,585,000 after purchasing an additional 40,098 shares during the period.
Fidelity Magellan ETF Price Performance
FMAG opened at $28.96 on Wednesday. The firm has a market capitalization of $193.45 million, a P/E ratio of 0.97 and a beta of 1.12. The business has a fifty day moving average price of $31.62 and a 200 day moving average price of $31.20.
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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Want to see what other hedge funds are holding FMAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Magellan ETF (BATS:FMAG – Free Report).
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