MAGS Roundhill Magnificent Seven and some indicators for NASD..MAGS Roundhill Magnificent Seven and some indicators for NASDAQ stocks...
Key stats
About Roundhill Magnificent Seven ETF
Expense ratio
0.29%
Home page
Inception date
Apr 11, 2023
MAGS, at the time of launch, is the first-ever FAAMG ETF in the US market space. The funds strategy targets a narrow portfolio of 5-10 stocks publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: 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. The holdings are equally weighted in the portfolio and rebalanced on a quarterly basis. As an actively managed fund, the funds 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, however 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
What's in the fund
Exposure type
Technology Services
Government
Stock breakdown by region
Price rise as volatility drops?Hi. The Volatility of the Symbol MAGS has for the first time since the turn of the year lowered from a high level down to a center level.
At the same time the MACD is currently crossing its signal while below the MACD 0 value.
The price has also had steady highest lows since the start of the year
MAGS REACHING A TOPPING LEVEL?MAGS has broken the last correction with a strong impulse driven by news. I'm looking for this potential topping level on daily chart for a bigger correction. A strong breakout above the upper trendline invalidates this setup.
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