American Beacon GLG Natural Resources ETF $MGNR Position Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,382,081 shares of the company’s stock after selling 34,142 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 19.74% of American Beacon GLG Natural Resources ETF worth $56,395,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MGNR. Harbour Investments Inc. acquired a new stake in shares of American Beacon GLG Natural Resources ETF during the 2nd quarter valued at approximately $106,000. Osaic Holdings Inc. increased its stake in American Beacon GLG Natural Resources ETF by 47.9% during the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after purchasing an additional 1,053 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of American Beacon GLG Natural Resources ETF by 88.6% during the second quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock worth $203,000 after purchasing an additional 2,876 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF during the second quarter worth $207,000. Finally, Worth Asset Management LLC bought a new position in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter worth about $251,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA MGNR traded up $0.21 during midday trading on Tuesday, hitting $48.02. The company’s stock had a trading volume of 4,587 shares, compared to its average volume of 80,913. American Beacon GLG Natural Resources ETF has a 1-year low of $24.79 and a 1-year high of $48.29. The firm’s fifty day moving average price is $43.81 and its 200-day moving average price is $39.53. The firm has a market cap of $415.38 million, a P/E ratio of 22.05 and a beta of 0.89.

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.