Verdence Capital Advisors LLC raised its stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 758,314 shares of the company’s stock after purchasing an additional 22,425 shares during the quarter. American Beacon GLG Natural Resources ETF accounts for 1.6% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Verdence Capital Advisors LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $37,400,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Maia Wealth LLC lifted its holdings in American Beacon GLG Natural Resources ETF by 23.6% during the 3rd quarter. Maia Wealth LLC now owns 48,349 shares of the company’s stock worth $2,385,000 after buying an additional 9,231 shares during the period. CapWealth Advisors LLC increased its stake in shares of American Beacon GLG Natural Resources ETF by 0.5% in the third quarter. CapWealth Advisors LLC now owns 614,101 shares of the company’s stock valued at $30,287,000 after buying an additional 2,765 shares during the period. NewEdge Advisors LLC increased its stake in shares of American Beacon GLG Natural Resources ETF by 40.1% in the second quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock valued at $10,087,000 after buying an additional 59,439 shares during the period. IFP Advisors Inc raised its position in shares of American Beacon GLG Natural Resources ETF by 100.0% during the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $97,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter worth approximately $33,000.
American Beacon GLG Natural Resources ETF Price Performance
American Beacon GLG Natural Resources ETF stock opened at $47.69 on Tuesday. The stock’s 50 day moving average is $52.01 and its 200 day moving average is $51.35. American Beacon GLG Natural Resources ETF has a one year low of $39.11 and a one year high of $56.45. The firm has a market cap of $1.22 billion, a P/E ratio of 22.05 and a beta of 0.82.
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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