Sigma Planning Corp Buys 3,114 Shares of Fidelity Magellan ETF (BATS:FMAG)

Sigma Planning Corp boosted its position in Fidelity Magellan ETF (BATS:FMAG) by 24.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,601 shares of the company’s stock after buying an additional 3,114 shares during the period. Sigma Planning Corp’s holdings in Fidelity Magellan ETF were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FMAG. Cambridge Investment Research Advisors Inc. acquired a new stake in Fidelity Magellan ETF in the second quarter valued at approximately $3,258,000. Arkadios Wealth Advisors bought a new position in shares of Fidelity Magellan ETF in the 3rd quarter worth $3,250,000. Commonwealth Equity Services LLC grew its position in Fidelity Magellan ETF by 9.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,876 shares of the company’s stock valued at $738,000 after purchasing an additional 2,104 shares during the period. Finally, Elevation Capital Advisory LLC bought a new stake in Fidelity Magellan ETF during the 2nd quarter valued at $265,000.

Fidelity Magellan ETF Price Performance

Fidelity Magellan ETF stock opened at $31.11 on Friday. The company has a market capitalization of $103.60 million, a price-to-earnings ratio of 0.86 and a beta of 1.13. The firm has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $29.66.

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.