Signature Equity Partners LLC Buys Shares of 26,814 American Beacon GLG Natural Resources ETF $MGNR

Signature Equity Partners LLC purchased a new position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,814 shares of the company’s stock, valued at approximately $1,383,000. American Beacon GLG Natural Resources ETF makes up approximately 0.7% of Signature Equity Partners LLC’s holdings, making the stock its 23rd largest holding. Signature Equity Partners LLC owned approximately 0.18% of American Beacon GLG Natural Resources ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Avalon Trust Co purchased a new stake in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at $52,000. Northwestern Mutual Wealth Management Co. purchased a new position in American Beacon GLG Natural Resources ETF in the fourth quarter worth $62,000. Osaic Holdings Inc. increased its stake in American Beacon GLG Natural Resources ETF by 47.9% in the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after acquiring an additional 1,053 shares during the last quarter. Comerica Bank increased its stake in American Beacon GLG Natural Resources ETF by 18.6% in the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after acquiring an additional 497 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in American Beacon GLG Natural Resources ETF during the first quarter valued at about $216,000.

American Beacon GLG Natural Resources ETF Stock Up 2.0%

NYSEARCA MGNR opened at $49.81 on Thursday. The stock’s 50-day simple moving average is $50.99 and its two-hundred day simple moving average is $51.12. American Beacon GLG Natural Resources ETF has a twelve month low of $32.47 and a twelve month high of $56.37. The company has a market capitalization of $844.28 million, a price-to-earnings 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.