Quadcap Wealth Management LLC lowered its position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 13.0% in the first quarter, HoldingsChannel.com reports. The fund owned 99,820 shares of the company’s stock after selling 14,949 shares during the quarter. Quadcap Wealth Management LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $5,149,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in MGNR. Midland Wealth Advisors LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 13.1% in the fourth quarter. Midland Wealth Advisors LLC now owns 1,292,832 shares of the company’s stock valued at $57,014,000 after purchasing an additional 149,850 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 81.7% during the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock worth $27,802,000 after purchasing an additional 242,301 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 158.2% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock worth $14,577,000 after purchasing an additional 202,503 shares during the period. CWM LLC boosted its position in American Beacon GLG Natural Resources ETF by 20.9% in the fourth quarter. CWM LLC now owns 224,209 shares of the company’s stock valued at $9,888,000 after buying an additional 38,764 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in American Beacon GLG Natural Resources ETF by 35.7% in the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock valued at $9,878,000 after buying an additional 58,881 shares during the last quarter.
American Beacon GLG Natural Resources ETF Trading Down 0.3%
Shares of NYSEARCA:MGNR opened at $49.54 on Friday. American Beacon GLG Natural Resources ETF has a twelve month low of $32.47 and a twelve month high of $56.37. The company’s 50 day moving average is $50.80 and its 200 day moving average is $51.15. The company has a market cap of $842.18 million, a PE ratio of 22.05 and a beta of 0.73.
About American Beacon GLG Natural Resources ETF
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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