Sigma Planning Corp Buys 57,448 Shares of Fidelity Magellan ETF $FMAG

Sigma Planning Corp purchased a new position in shares of Fidelity Magellan ETF (BATS:FMAG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 57,448 shares of the company’s stock, valued at approximately $2,077,000. Sigma Planning Corp owned 0.78% of Fidelity Magellan ETF as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Arkadios Wealth Advisors lifted its stake in shares of Fidelity Magellan ETF by 14.1% in the first quarter. Arkadios Wealth Advisors now owns 220,450 shares of the company’s stock valued at $6,971,000 after purchasing an additional 27,299 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Magellan ETF by 66.3% during the first quarter. Cetera Investment Advisers now owns 28,808 shares of the company’s stock worth $911,000 after buying an additional 11,489 shares in the last quarter. Citadel Advisors LLC acquired a new position in Fidelity Magellan ETF during the second quarter worth about $253,000. Kestra Advisory Services LLC grew its position in Fidelity Magellan ETF by 15.5% during the first quarter. Kestra Advisory Services LLC now owns 40,172 shares of the company’s stock worth $1,270,000 after buying an additional 5,381 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in Fidelity Magellan ETF during the second quarter worth about $196,000.

Fidelity Magellan ETF Trading Up 0.9%

Shares of Fidelity Magellan ETF stock opened at $35.07 on Wednesday. Fidelity Magellan ETF has a 12-month low of $30.49 and a 12-month high of $37.58. The stock has a market cap of $258.82 million, a PE ratio of 34.77 and a beta of 1.13. The company has a 50-day moving average of $35.89 and a two-hundred day moving average of $35.15.

About Fidelity Magellan ETF

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.