Fidelity Magellan ETF (FMAG)
| Assets | $44.27M |
| Expense Ratio | 0.59% |
| PE Ratio | 29.43 |
| Shares Out | 2.25M |
| Dividend (ttm) | $0.04 |
| Dividend Yield | 0.22% |
| Ex-Dividend Date | Dec 16, 2022 |
| Payout Ratio | 6.40% |
| 1-Year Return | -7.39% |
| Volume | 15,132 |
| Open | 19.68 |
| Previous Close | 19.68 |
| Day's Range | 19.58 - 19.79 |
| 52-Week Low | 16.76 |
| 52-Week High | 23.02 |
| Beta | 1.15 |
| Holdings | 56 |
| Inception Date | Feb 2, 2021 |
About FMAG
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.
Top 10 Holdings
33.24% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 6.96% |
| Apple Inc. | AAPL | 6.29% |
| UnitedHealth Group Incorporated | UNH | 2.86% |
| Alphabet Inc. | GOOGL | 2.77% |
| NVIDIA Corporation | NVDA | 2.70% |
| Visa Inc. | V | 2.51% |
| Mastercard Incorporated | MA | 2.38% |
| Amazon.com, Inc. | AMZN | 2.37% |
| NextEra Energy, Inc. | NEE | 2.21% |
| Eli Lilly and Company | LLY | 2.20% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2022 | $0.018 | Dec 21, 2022 |
| Sep 16, 2022 | $0.013 | Sep 21, 2022 |
| Jun 17, 2022 | $0.011 | Jun 23, 2022 |
| Mar 18, 2022 | $0.001 | Mar 23, 2022 |
| Dec 17, 2021 | $0.002 | Dec 22, 2021 |
| Sep 17, 2021 | $0.001 | Sep 22, 2021 |
News
ETF Conversions' Pitfalls Eyed
As more mutual funds relaunch as exchange-traded funds, experts weigh the downside.
The Fidelity Magellan ETF Could Be an Expert Guide for Investors in Today's Market
The storied Fidelity Magellan methodology, which now comes in an exchange traded fund wrapper, can be a starting point for investors considering where active management can fit in today's equity marke...
The Potential for Outperformance: Fidelity Magellan ETF
Fidelity Investment's flagship Magellan fund has helped investors reach their financial goals for decades. That time-tested, actively managed approach is now available as an exchange traded fund, offe...
ETF of the Week: Fidelity Magellan ETF (FMAG)
ETF Trends CEO Tom Lydon discussed the Fidelity Magellan ETF (FMAG) on this week's “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. The fund seeks long-term growth of capital.
Active Funds Are Dominating 2021 ETF Launches
The first half of 2021 brought a torrid pace of exchange traded funds debuts, with 200 rookie ETFs coming to market. As CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth points out,...
Fidelity Magellan ETF (FMAG): A Legend at a Lower Cost
Fidelity recently turned its Magellan Fund and a few other strategies into actively managed ETFs, joining a growing trend in the fund arena.