Quadcap Wealth Management LLC Lowers Stock Position in American Beacon GLG Natural Resources ETF $MGNR

Quadcap Wealth Management LLC cut its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 13.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,820 shares of the company’s stock after selling 14,949 shares during the period. Quadcap Wealth Management LLC owned 0.68% of American Beacon GLG Natural Resources ETF worth $5,149,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Comerica Bank raised 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 worth $140,000 after buying an additional 497 shares in the last quarter. Philip James Wealth Mangement LLC boosted its position in American Beacon GLG Natural Resources ETF by 7.5% during the 4th quarter. Philip James Wealth Mangement LLC now owns 13,481 shares of the company’s stock valued at $595,000 after acquiring an additional 942 shares in the last quarter. Avalon Trust Co purchased a new position in shares of American Beacon GLG Natural Resources ETF in the 1st quarter valued at $52,000. Kestra Advisory Services LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 5.3% in the 4th quarter. Kestra Advisory Services LLC now owns 20,567 shares of the company’s stock valued at $907,000 after acquiring an additional 1,032 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after acquiring an additional 1,053 shares in the last quarter.

American Beacon GLG Natural Resources ETF Trading Down 0.3%

MGNR opened at $49.54 on Friday. The firm has a market cap of $842.18 million, a price-to-earnings ratio of 22.05 and a beta of 0.73. American Beacon GLG Natural Resources ETF has a 12 month low of $32.47 and a 12 month high of $56.37. The stock has a fifty day moving average price of $50.80 and a 200-day moving average price of $51.15.

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.