Individual investors snapped up shares of an exchange-traded fund tied to the “Magnificent Seven” group of technology megacap stocks during the recent nosedive in the United States stock market, according to data on Wednesday.
The Roundhill Magnificent Seven ETF attracted a net $50 million of inflows in the four trading days ended on Tuesday, according to market analysis firm VettaFi. The MAGS ETF fell more than 7 percent in that four-day period, while the S&P 500 dropped 4.6 percent.
