Whipplewood Advisors LLC Takes Position in American Beacon GLG Natural Resources ETF $MGNR

Whipplewood Advisors LLC purchased a new stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,225 shares of the company’s stock, valued at approximately $207,000. Whipplewood Advisors LLC owned 0.12% of American Beacon GLG Natural Resources ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sendero Wealth Management LLC raised its position in shares of American Beacon GLG Natural Resources ETF by 21.1% in the second quarter. Sendero Wealth Management LLC now owns 912,866 shares of the company’s stock valued at $30,327,000 after purchasing an additional 158,771 shares during the period. Janney Montgomery Scott LLC raised its position in shares of American Beacon GLG Natural Resources ETF by 2.3% in the second quarter. Janney Montgomery Scott LLC now owns 266,687 shares of the company’s stock valued at $8,860,000 after purchasing an additional 6,015 shares during the period. CWM LLC raised its position in shares of American Beacon GLG Natural Resources ETF by 8.0% in the second quarter. CWM LLC now owns 160,641 shares of the company’s stock valued at $5,337,000 after purchasing an additional 11,842 shares during the period. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of American Beacon GLG Natural Resources ETF in the first quarter valued at approximately $4,258,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at approximately $3,185,000.

American Beacon GLG Natural Resources ETF Stock Up 0.9%

NYSEARCA MGNR opened at $40.92 on Monday. The company’s 50 day moving average is $38.73 and its 200-day moving average is $34.30. The firm has a market cap of $286.44 million, a P/E ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a 12-month low of $24.79 and a 12-month high of $42.34.

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.