Roundhill ETF adds OpenAI and Anthropic stakes to Magnificent Seven stocks
Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF, ticker MAGP, which holds the seven largest US tech stocks plus exposure to OpenAI, Anthropic, SpaceX and Broadcom, Benzinga reports.
OpenAI and Anthropic, which are not publicly traded, carry weights of 6.72% and 6.66%. Microsoft, Amazon and Tesla are among the largest holdings at about 9.6% each, with SpaceX at 9.55% and Broadcom at 9.63%. Roundhill chief executive Dave Mazza said the fund is meant for investors who want the original Magnificent Seven without missing newer AI leaders. Benzinga describes the launch as part of a wider push by ETF issuers to package the AI market into investment products, with holdings spread fairly evenly across the 11 names.
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