NewEdge Advisors LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 40.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 207,758 shares of the company’s stock after acquiring an additional 59,439 shares during the quarter. NewEdge Advisors LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $10,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. grew its position in American Beacon GLG Natural Resources ETF by 77.5% during the 4th quarter. Financial Security Advisor Inc. now owns 40,659 shares of the company’s stock worth $1,793,000 after purchasing an additional 17,747 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at about $1,249,000. HighTower Advisors LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 72.7% in the 4th quarter. HighTower Advisors LLC now owns 48,238 shares of the company’s stock valued at $2,127,000 after buying an additional 20,299 shares during the period. Signature Equity Partners LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 1st quarter valued at about $1,383,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 19.9% in the first quarter. Harbor Investment Advisory LLC now owns 94,862 shares of the company’s stock worth $4,893,000 after buying an additional 15,727 shares during the last quarter.
American Beacon GLG Natural Resources ETF Trading Down 0.2%
Shares of MGNR stock opened at $54.27 on Friday. American Beacon GLG Natural Resources ETF has a twelve month low of $38.28 and a twelve month high of $56.45. The stock has a market cap of $937.24 million, a P/E ratio of 22.05 and a beta of 0.77. The stock has a 50 day moving average of $51.63 and a 200 day moving average of $51.96.
American Beacon GLG Natural Resources ETF Profile
The American Beacon GLG Natural Resources ETF (MGNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in a narrow portfolio of global stocks that are predominantly involved in natural resources and related businesses. MGNR was launched on Feb 5, 2024 and is issued by American Beacon.
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