Roundhill Magnificent Seven ETFRoundhill Magnificent Seven ETFRoundhill Magnificent Seven ETF

Roundhill Magnificent Seven ETF

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Key stats


Assets under management (AUM)
‪2.24 B‬USD
Fund flows (1Y)
‪1.82 B‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−0.02%
Shares outstanding
‪43.07 M‬
Expense ratio
0.29%

About Roundhill Magnificent Seven ETF


Issuer
Roundhill Financial, Inc.
Brand
Roundhill
Inception date
Apr 11, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Roundhill Financial, Inc.
Distributor
Foreside Fund Services LLC
MAGS, at the time of launch, is the first-ever FAAMG ETF in the US market space. The fund targets a narrow portfolio of 5-10 stocks publicly known as tech giants, aiming to capture the largest companies in social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software. On an annual basis, the adviser reviews the US tech universe to select the largest companies based on market cap, trading volume, and sector relevance. Holdings are equally weighted in the portfolio and rebalanced quarterly. As an actively managed fund, the adviser has full discretion in managing the portfolio. From time to time, 100% of the funds assets may be invested in US treasury securities, money market funds, and/or short-term bond ETFs. Holdings may include common stocks and ADRs, though the fund primarily gains exposure through the use of swaps and forward contracts. Prior to Nov. 9, 2023, the fund was called Roundhill BIG Tech ETF, trading under the ticker BIGT.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Government
Stock breakdown by region
100%
Top 10 holdings

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to MAGS via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MAGS trades at 51.88 USD today, its price has risen 0.89% in the past 24 hours. Track more dynamics on MAGS price chart.
MAGS net asset value is 51.44 today — it's risen 22.34% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MAGS assets under management is ‪2.24 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MAGS price has risen by 24.59% over the last month, and its yearly performance shows a 25.53% increase. See more dynamics on MAGS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.34% over the last month, showed a −5.92% decrease in three-month performance and has increased by 28.69% in a year.
MAGS fund flows account for ‪1.82 B‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MAGS invests in bonds. See more details in our Analysis section.
MAGS expense ratio is 0.29%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MAGS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MAGS technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MAGS shows the strong buy signal. See more of MAGS technicals for a more comprehensive analysis.
Yes, MAGS pays dividends to its holders with the dividend yield of 0.00%.
MAGS trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MAGS shares are issued by Roundhill Financial, Inc.
MAGS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 11, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.