Fidelity Magellan ETFFMAG
FMAG
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
500% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 2
102% more capital invested
Capital invested by funds: $21.9M [Q3] → $44.2M (+$22.3M) [Q4]
10.32% more ownership
Funds ownership: 15.9% [Q3] → 26.22% (+10.32%) [Q4]
7% less funds holding
Funds holding: 28 [Q3] → 26 (-2) [Q4]
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for FMAG.
Financial journalist opinion
Negative
Seeking Alpha
2 weeks ago
FMAG: Don't Bother With This High Fee, Limited Differentiation ETF
Fidelity Magellan ETF, an actively managed ETF by Fidelity, aims to outperform the S&P 500 but has failed to deliver significant alpha over four years. The fund's 0.6% expense ratio is high compared to SPY's 0.09%, with FMAG showing more volatility and a low Sharpe ratio of 0.16. FMAG's portfolio closely mirrors SPY, with minor differences, making it unnecessary to pay higher fees for similar exposure.
Negative
Seeking Alpha
9 months ago
FMAG ETF: Active Equity Strategy Still Has A Lot To Prove
The Fidelity Magellan ETF is an actively managed fund that focuses on large-cap U.S. stocks. The fund has rallied over the past year but still lags the benchmark S&P 500 historically. It's unclear whether the strategy can deliver Alpha over the long run.
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