Roundhill Magnificent Seven ETF $MAGS Stock Holdings Cut by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its position in shares of Roundhill Magnificent Seven ETF (BATS:MAGS) by 33.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,800 shares of the company’s stock after selling 3,400 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Roundhill Magnificent Seven ETF were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graypoint LLC bought a new stake in shares of Roundhill Magnificent Seven ETF during the 2nd quarter worth $23,274,000. AdvisorNet Financial Inc bought a new stake in shares of Roundhill Magnificent Seven ETF during the 2nd quarter worth $38,000. Harbor Investment Advisory LLC bought a new stake in shares of Roundhill Magnificent Seven ETF during the 2nd quarter worth $32,000. Comprehensive Financial Planning Inc. PA boosted its stake in shares of Roundhill Magnificent Seven ETF by 106.0% during the 1st quarter. Comprehensive Financial Planning Inc. PA now owns 33,190 shares of the company’s stock worth $1,522,000 after acquiring an additional 17,077 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its stake in shares of Roundhill Magnificent Seven ETF by 86.8% during the 1st quarter. J.Safra Asset Management Corp now owns 779,737 shares of the company’s stock worth $35,759,000 after acquiring an additional 362,353 shares in the last quarter.

Roundhill Magnificent Seven ETF Trading Down 3.8%

MAGS opened at $62.79 on Friday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The stock’s fifty day moving average is $61.82 and its two-hundred day moving average is $54.64.

Roundhill 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.