Midland Wealth Advisors LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,495,859 shares of the company’s stock after acquiring an additional 93,380 shares during the quarter. American Beacon GLG Natural Resources ETF makes up 3.4% of Midland Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position. Midland Wealth Advisors LLC owned 5.84% of American Beacon GLG Natural Resources ETF worth $73,776,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in American Beacon GLG Natural Resources ETF in the second quarter valued at $33,000. Avalon Trust Co purchased a new position in American Beacon GLG Natural Resources ETF during the 1st quarter valued at $52,000. IFP Advisors Inc increased its position in American Beacon GLG Natural Resources ETF by 100.0% during the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $97,000 after purchasing an additional 1,000 shares during the period. Fifth Third Bancorp bought a new position in American Beacon GLG Natural Resources ETF in the 1st quarter worth $216,000. Finally, Lodestar Private Asset Management LLC bought a new position in American Beacon GLG Natural Resources ETF in the 1st quarter worth $225,000.
American Beacon GLG Natural Resources ETF Trading Up 1.3%
Shares of NYSEARCA MGNR opened at $48.31 on Wednesday. The firm has a fifty day simple moving average of $51.81 and a two-hundred day simple moving average of $51.37. American Beacon GLG Natural Resources ETF has a 12 month low of $39.11 and a 12 month high of $56.45. The firm has a market capitalization of $1.24 billion, a PE ratio of 22.05 and a beta of 0.82.
American Beacon GLG Natural Resources ETF Company 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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