PNC Financial Services Group Inc. Buys 38,731 Shares of Fidelity Magellan ETF (BATS:FMAG)

PNC Financial Services Group Inc. raised its stake in shares of Fidelity Magellan ETF (BATS:FMAG) by 74.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 90,484 shares of the company’s stock after purchasing an additional 38,731 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity Magellan ETF were worth $2,800,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sigma Planning Corp boosted its position in shares of 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. Impact Partnership Wealth LLC purchased a new position in shares of Fidelity Magellan ETF during the 4th quarter valued at $313,000. Finally, Jones Financial Companies Lllp bought a new position in Fidelity Magellan ETF in the 4th quarter worth $323,000.

Fidelity Magellan ETF Stock Performance

Shares of FMAG stock opened at $29.56 on Friday. The stock has a fifty day simple moving average of $31.51 and a two-hundred day simple moving average of $31.17. The firm has a market capitalization of $197.45 million, a PE ratio of 0.97 and a beta of 1.12. Fidelity Magellan ETF has a 52-week low of $26.42 and a 52-week high of $33.09.

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.