Traders Buy High Volume of Magnificent Seven ETF Call Options (NASDAQ:MAGS)

The Magnificent Seven ETF (NASDAQ:MAGS) was the recipient of unusually large options trading on Monday. Stock investors purchased 3,971 call options on the company. This is an increase of 29% compared to the typical volume of 3,078 call options.

Magnificent Seven ETF Trading Up 2.9 %

Shares of MAGS stock traded up $1.35 on Monday, reaching $48.66. 1,397,972 shares of the company’s stock were exchanged, compared to its average volume of 2,397,370. Magnificent Seven ETF has a 52 week low of $36.24 and a 52 week high of $58.69. The stock has a market capitalization of $1.76 billion, a PE ratio of 118.68 and a beta of 1.55. The company’s fifty day simple moving average is $52.55 and its 200 day simple moving average is $51.28.

Magnificent Seven ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 is currently 107.32%.

Institutional Investors Weigh In On Magnificent Seven ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. bought a new stake in Magnificent Seven ETF during the 4th quarter valued at $341,000. Ameriflex Group Inc. purchased a new position in shares of Magnificent Seven ETF in the 4th quarter valued at $157,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Magnificent Seven ETF in the 4th quarter valued at $106,000. Strategic Wealth Partners Ltd. purchased a new position in shares of Magnificent Seven ETF in the 4th quarter valued at $231,000. Finally, Captrust Financial Advisors purchased a new position in shares of Magnificent Seven ETF in the 4th quarter valued at $257,000. 15.39% of the stock is owned by institutional investors.

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.