Magnificent Seven ETF Surges to Record High on Meta and Apple Strength

The Roundhill Magnificent Seven ETF (MAGS) has surged to a record high of $73.47, up over 32% from its lowest level this year.

The fund's success is largely attributed to the strong performance of top constituents Meta Platforms (META) and Apple (AAPL), which have seen their stocks soar in recent months.

Data shows that MAGS added over $43 million in inflows on September 18, bringing its 30-day inflows to over $182 million. The fund now holds over $357 million this year, with assets under management (AUM) reaching over $4.7 billion.

Meta's resurgence is driven by its Muse product, an AI agent platform that has become one of the most downloaded apps in iOS and Android in recent days.