Impact Partnership Wealth LLC Purchases Shares of 10,114 Fidelity Magellan ETF (BATS:FMAG)

Impact Partnership Wealth LLC acquired a new stake in Fidelity Magellan ETF (BATS:FMAG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,114 shares of the company’s stock, valued at approximately $313,000. Impact Partnership Wealth LLC owned 0.30% of Fidelity Magellan ETF as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Fidelity Magellan ETF by 344.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 51,753 shares of the company’s stock valued at $1,585,000 after buying an additional 40,098 shares during the period. Beam Wealth Advisors Inc. grew its holdings in Fidelity Magellan ETF by 4.6% in the third quarter. Beam Wealth Advisors Inc. now owns 125,866 shares of the company’s stock valued at $3,854,000 after purchasing an additional 5,503 shares during the period. Sigma Planning Corp increased its position in Fidelity Magellan ETF by 24.9% during the third quarter. Sigma Planning Corp now owns 15,601 shares of the company’s stock worth $478,000 after purchasing an additional 3,114 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Fidelity Magellan ETF during the third quarter worth approximately $3,250,000. Finally, Elevation Capital Advisory LLC acquired a new position in shares of Fidelity Magellan ETF in the 2nd quarter valued at $265,000.

Fidelity Magellan ETF Price Performance

Shares of BATS FMAG opened at $32.91 on Friday. The stock has a market cap of $109.60 million, a PE ratio of 0.86 and a beta of 1.13. The company’s 50-day moving average is $31.72 and its two-hundred day moving average is $30.67.

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.