Roundhill Magnificent Seven ETF (MAGS) perpetual market

MAGS is the Roundhill Magnificent Seven ETF, an exchange-traded fund that gives investors concentrated exposure to the group of large US technology companies known as the Magnificent Seven: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Managed by Roundhill Investments, it launched in April 2023 and adopted its current name and focus later that year, becoming one of the first funds built solely around these seven megacap stocks. The fund holds the seven names in roughly equal weight and rebalances back to that target on a quarterly basis, so no single company is allowed to dominate its returns for long. It offers a simple way to trade the cohort of firms that has driven a large share of recent US equity market gains, with performance tied closely to sentiment around big technology and artificial intelligence.