Comprehensive Financial Planning Inc. PA Invests $877,000 in The Magnificent Seven ETF (NASDAQ:MAGS)

Comprehensive Financial Planning Inc. PA purchased a new position in The Magnificent Seven ETF (NASDAQ:MAGS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,113 shares of the company’s stock, valued at approximately $877,000.

Other hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC acquired a new stake in Magnificent Seven ETF in the third quarter valued at $1,870,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Magnificent Seven ETF during the 4th quarter worth $408,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of Magnificent Seven ETF in the 4th quarter worth about $175,000. 15.39% of the stock is owned by hedge funds and other institutional investors.

Magnificent Seven ETF Trading Down 2.0 %

NASDAQ:MAGS opened at $54.32 on Monday. The company has a market capitalization of $2.04 billion, a P/E ratio of 132.49 and a beta of 1.55. The firm has a 50-day moving average price of $55.53 and a two-hundred day moving average price of $49.78. The Magnificent Seven ETF has a twelve month low of $35.97 and a twelve month high of $58.69.

Magnificent Seven ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were paid a dividend of $0.4397 per share. The ex-dividend date was Monday, December 30th. Magnificent Seven ETF’s dividend payout ratio (DPR) 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.