Popular Magnificent 7 ETF Falls 8.7% as Top Stocks Turn Into Bargains

The Roundhill Magnificent Seven ETF (CBOE: MAGS) stock has retreated by 8.7% from its highest point this year as most companies in the group dropped. MAGS was trading at $65.10 from its all-time high of $71.10, while its year-to-date outflows hit $248 million. MAGS stock chart | Source: TradingView Top Magnificent 7 Stocks Have Dropped This Year The MAGS ETF has pulled back this year as most Magnificent 7 stocks retreated. Nvidia (NASDAQ: NVDA ), the biggest constituent, has dropped by 7.7% from its all-time high. Meta Platforms (NASDAQ: META ) is in a technical bear market after falling 27% from its record high. Microsoft (NASDAQ: MSFT ), another top holding in the fund, has dropped 38%, while Amazon (NASDAQ: AMZN ) and Tesla (NASDAQ: TSLA ) have declined by 13% and 21%, respectively. Top Magnificent stocks have retreated for diverse reasons. Meta, Microsoft, and Amazon have fal...