Magnificent 7 ETFs Profiles
The "Magnificent 7" stocks are a group of leading technology companies, with Bank of America analyst Michael Hartnett generally credited for the phrase as it's used in reference to the stock market. These companies are significant due to their substantial market capitalizations and influence on the broader equities market, often driving the performance of major indices like the S&P 500. Their innovative products and services have transformed industries and consumer behavior, making the "Mag 7" key players in the global economy. Additionally, their financial performance and growth prospects attract significant investor interest, impacting investment strategies worldwide.
Roundhill Magnificent Seven ETF (MAGS)
Full ProfileThe The Magnificent Seven ETF pursues its investment objective of capital appreciation by seeking exposure to between five and ten companies ("Underlying Issuers") in the Technology Hardware Industry; E-Commerce Discretionary Industry; Internet Media and Services Industry; and Software Industry (collectively, the "Technology industry"). Roundhill selects the Underlying Issuers based on market capitalization, trading volumes, and sector relevance, in an attempt to identify the largest and most liquid companies representative of the Technology Industry.
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX)
Full ProfileThe Roundhill Daily 2X Long Magnificent Seven ETF seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of the Roundhill Magnificent Seven ETF.
Nasdaq QQQ Invesco ETF (QQQ)
Full ProfileThe Invesco QQQ Trust is based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.
Direxion Daily Magnificent 7 Bear 1X (QQQD)
Full ProfileThe Direxion Daily Concentrated Qs Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the Indxx Front of the Q Index.
Direxion Daily Magnificent 7 Bull 2X (QQQU)
Full ProfileThe Direxion Daily Concentrated Qs Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Indxx Front of the Q Index.
S&P 500 SPDR (SPY)
Full ProfileThe SPDR SP 500 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the SP 500 Index.
Yieldmax Magnificent 7 Option Income ETF (YMAG)
Full ProfileThe YieldMax Magnificent 7 Fund of Option Income ETFs seeks current income.