PNC Financial Services Group Inc. Boosts Stake in Fidelity Magellan ETF $FMAG

PNC Financial Services Group Inc. raised its position in shares of Fidelity Magellan ETF (BATS:FMAG) by 13.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,357 shares of the company’s stock after buying an additional 16,499 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity Magellan ETF were worth $4,872,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its holdings in shares of Fidelity Magellan ETF by 13.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 161,201 shares of the company’s stock worth $5,676,000 after acquiring an additional 18,749 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Fidelity Magellan ETF by 24.7% in the second quarter. Sigma Planning Corp now owns 31,728 shares of the company’s stock valued at $1,089,000 after purchasing an additional 6,279 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in Fidelity Magellan ETF in the third quarter worth $2,220,000. Delta Investment Management LLC purchased a new stake in Fidelity Magellan ETF during the second quarter valued at $2,022,000. Finally, Jones Financial Companies Lllp raised its stake in Fidelity Magellan ETF by 45.3% during the third quarter. Jones Financial Companies Lllp now owns 72,510 shares of the company’s stock valued at $2,532,000 after purchasing an additional 22,612 shares in the last quarter.

Fidelity Magellan ETF Stock Up 0.7%

FMAG stock opened at $33.97 on Friday. Fidelity Magellan ETF has a 52 week low of $25.24 and a 52 week high of $35.72. The firm has a market capitalization of $250.70 million, a P/E ratio of 34.77 and a beta of 1.13. The company has a fifty day simple moving average of $34.19 and a two-hundred day simple moving average of $34.56.

Fidelity Magellan ETF 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.