Comprehensive Financial Planning Inc. PA Acquires Shares of 16,113 The Magnificent Seven ETF (NASDAQ:MAGS)

Comprehensive Financial Planning Inc. PA bought a new stake in The Magnificent Seven ETF (NASDAQ:MAGS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,113 shares of the company’s stock, valued at approximately $877,000.

A number of other institutional investors have also modified their holdings of the stock. VitalStone Financial LLC purchased a new position in Magnificent Seven ETF in the 3rd quarter valued at $1,870,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Magnificent Seven ETF in the fourth quarter valued at about $175,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Magnificent Seven ETF during the fourth quarter worth about $408,000. Institutional investors and hedge funds own 15.39% of the company’s stock.

Magnificent Seven ETF Stock Down 2.0 %

Shares of NASDAQ:MAGS opened at $54.32 on Monday. The Magnificent Seven ETF has a 52 week low of $35.97 and a 52 week high of $58.69. The company has a 50-day moving average price of $55.53 and a 200 day moving average price of $49.78. The company has a market cap of $2.04 billion, a P/E ratio of 132.49 and a beta of 1.55.

Magnificent Seven ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a $0.4397 dividend. The ex-dividend date was Monday, December 30th. Magnificent Seven ETF’s dividend payout ratio is currently 107.32%.

About Magnificent Seven ETF

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.