Midland Wealth Advisors LLC Boosts Stock Position in American Beacon GLG Natural Resources ETF $MGNR

Midland Wealth Advisors LLC increased its holdings in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 13.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,292,832 shares of the company’s stock after acquiring an additional 149,850 shares during the quarter. American Beacon GLG Natural Resources ETF makes up 3.0% of Midland Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. Midland Wealth Advisors LLC owned approximately 0.15% of American Beacon GLG Natural Resources ETF worth $57,014,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after purchasing an additional 1,053 shares in the last quarter. Worth Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter worth approximately $251,000. NewEdge Advisors LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter worth approximately $253,000. SFG Wealth Management LLC. purchased a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter worth approximately $319,000. Finally, Magnolia Private Wealth LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter worth approximately $433,000.

American Beacon GLG Natural Resources ETF Trading Down 0.1%

NYSEARCA MGNR opened at $53.34 on Friday. The stock’s 50 day moving average is $51.73 and its 200 day moving average is $46.55. American Beacon GLG Natural Resources ETF has a 12 month low of $27.58 and a 12 month high of $54.56. The stock has a market cap of $752.09 million, a PE ratio of 22.05 and a beta of 0.84.

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.