Roundhill Files for 'Magnificent Seven Plus' ETF With AI, Space Twist

Roundhill Investments has filed to launch the Roundhill Magnificent Seven Plus ETF. This fund would pair the dominant mega-cap tech stocks with a slate of newer AI and space contenders, according to a filing. The proposed product is expected to trade under the ticker name MAGP. The expense ratio and official launch date have yet to be announced. As with all ETF filings, the fund remains subject to regulatory approval. What's Inside MAGP The ETF Tracker reported Monday that Roundhill has filed to launch the $MAGP Roundhill Magnificent Seven Plus ETF. 🚨 NEW ETF FILINGRoundhill has filed to launch the:$MAGP Roundhill Magnificent Seven Plus ETFThe fund tracks 11 companies: Magnificent Seven:Google $GOOGL, Amazon $AMZN, Apple $AAPL, Meta $META, Microsoft $MSFT, Nvidia $NVDA, Tesla $TSLAMagnificent Plus:Broadcom… pic.twitter.com/UHT2j89nGH— ETF Tracker (@TheETFTracker) May 4, 2026 The proposed ETF will track a basket of 11 companies. This would include the so-called "Magnificent Seven" — Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), Apple Inc. (NASDAQ:AAPL), Nvidia Corporation (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA). In addition to the mega-cap names, the ETF would provide exposure to Broadcom Inc. (NASDAQ:AVGO) and private companies such as Anthropic, OpenAI, and SpaceX. Anthropic is seeking a public listing as soon as this year. Blackstone Inc. (NYSE:BX) and Goldman Sachs Group Inc. (NYSE:GS) have committed a combined $450 million to a new $1.5 billion joint venture with Anthropic that will deploy the Claude maker's AI models directly inside mid-sized companies. Read Also: Jim Cramer Says 'Data Center' Trade Is Going Mainstream Balchunas Calls Filing A "Smart Sequel" ETF analyst Eric Balchunas described the filing as a "smart sequel" to Roundhill Magnificent Seven ETF (BATS:MAGS), noting that investor demand for concentrated exposure to leading tech firms remains strong despite their widespread presence in major indices. Roundhill filing for a Magnificent Seven Plus ETF $MAGP which will hold the Mag 7 plus any co based on the "company's contribution to technological innovation" which include private cos. Smart sequel to $MAGS which has $5b (i underrated this ETF thought what's point you get… pic.twitter.com/nzBXxaxWCN— Eric Balchunas (@EricBalchunas) May 4, 2026 MAGS offers equal-weight exposure to the “Mag 7” stocks, and has attracted about $4.6 billion in assets under management (AUM). It charges 0.30% in annual fees from investors. Mag 7 Dominates Earnings Growth The S&P 500 reported an unexpected profit surge, with blended first-quarter earnings growth tracking at 27.1% year-over-year, significantly outpacing initial estimates of 13.1%. Notably, Alphabet, Amazon, and Meta accounted for 71% of the net dollar-level increase in earnings, showcasing their dominant roles in driving market performance, as highlighted in a recent analysis of S&P 500 earnings. Apple also reported stellar second-quarter results, exceeding both earnings per share and revenue estimates. CEO Tim Cook characterized the period as Apple’s “best March quarter ever,” highlighting double-digit growth across all geographic segments and a record-high installed base of active devices. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor. Image via Shutterstock Read Also: SanDisk Bets Big On Multi-Year Contracts As AI Chip Demand Booms