American Beacon GLG Natural Resources ETF $MGNR Shares Purchased by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC increased its position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,495,859 shares of the company’s stock after purchasing an additional 93,380 shares during the quarter. American Beacon GLG Natural Resources ETF makes up about 3.4% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Midland Wealth Advisors LLC owned about 0.06% of American Beacon GLG Natural Resources ETF worth $73,776,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Allworth Financial LP bought a new stake in shares of American Beacon GLG Natural Resources ETF during the second quarter valued at approximately $33,000. Avalon Trust Co purchased a new stake in American Beacon GLG Natural Resources ETF in the first quarter worth $52,000. IFP Advisors Inc grew its stake in American Beacon GLG Natural Resources ETF by 100.0% in the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $97,000 after purchasing an additional 1,000 shares during the period. Fifth Third Bancorp bought a new position in American Beacon GLG Natural Resources ETF in the first quarter worth $216,000. Finally, Lodestar Private Asset Management LLC bought a new position in American Beacon GLG Natural Resources ETF in the first quarter worth $225,000.

American Beacon GLG Natural Resources ETF Trading Up 1.3%

MGNR opened at $48.31 on Wednesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The stock has a fifty day simple moving average of $51.81 and a two-hundred day simple moving average of $51.37. American Beacon GLG Natural Resources ETF has a 12-month low of $39.11 and a 12-month high of $56.45.

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.