Fidelity Magellan ETF (BATS:FMAG) Trading Down 3.1%

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Fidelity Magellan ETF (BATS:FMAG) traded down 3.1% during mid-day trading on Wednesday . The stock traded as low as $24.10 and last traded at $24.12. 38,423 shares were traded during trading, The stock had previously closed at $24.89.

The company has a fifty day simple moving average of $25.01 and a 200-day simple moving average of $23.85.

A hedge fund recently raised its stake in Fidelity Magellan ETF stock. Royal Bank of Canada raised its holdings in shares of Fidelity Magellan ETF (BATS:FMAG) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,698 shares of the company’s stock after acquiring an additional 1,849 shares during the quarter. Royal Bank of Canada’s holdings in Fidelity Magellan ETF were worth $237,000 at the end of the most recent quarter.

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