Shares of Fidelity Magellan ETF (BATS:FMAG – Get Free Report) traded up 0.9% during mid-day trading on Monday . The stock traded as high as $35.38 and last traded at $35.45. 37,282 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 58,325 shares. The stock had previously closed at $35.13.
Fidelity Magellan ETF Stock Up 0.9%
The company’s fifty day moving average is $34.96 and its 200-day moving average is $32.41. The company has a market cap of $261.63 million, a PE ratio of 34.77 and a beta of 1.13.
Institutional Investors Weigh In On Fidelity Magellan ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. purchased a new stake in Fidelity Magellan ETF in the second quarter worth approximately $74,000. Integrated Wealth Concepts LLC purchased a new stake in Fidelity Magellan ETF in the first quarter worth approximately $261,000. Bank of America Corp DE purchased a new stake in Fidelity Magellan ETF in the second quarter worth approximately $310,000. Impact Partnership Wealth LLC boosted its holdings in Fidelity Magellan ETF by 7.3% in the first quarter. Impact Partnership Wealth LLC now owns 10,853 shares of the company’s stock worth $316,000 after purchasing an additional 739 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Fidelity Magellan ETF by 10.4% in the first quarter. Jones Financial Companies Lllp now owns 11,523 shares of the company’s stock worth $335,000 after purchasing an additional 1,083 shares during the last quarter.
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.
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