American Beacon GLG Natural Resources ETF $MGNR Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 758,314 shares of the company’s stock after acquiring an additional 22,425 shares during the period. American Beacon GLG Natural Resources ETF comprises 1.6% of Verdence Capital Advisors LLC’s holdings, making the stock its 7th biggest holding. Verdence Capital Advisors LLC owned approximately 2.96% of American Beacon GLG Natural Resources ETF worth $37,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP bought a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter worth about $33,000. Avalon Trust Co bought a new stake in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at approximately $52,000. IFP Advisors Inc grew its holdings in shares of American Beacon GLG Natural Resources ETF by 100.0% during the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $97,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at approximately $216,000. Finally, Lodestar Private Asset Management LLC acquired a new position in American Beacon GLG Natural Resources ETF during the 1st quarter worth approximately $225,000.

American Beacon GLG Natural Resources ETF Price Performance

MGNR stock opened at $47.69 on Tuesday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The company has a 50 day simple moving average of $52.01 and a 200 day simple moving average of $51.35. American Beacon GLG Natural Resources ETF has a 1 year low of $39.11 and a 1 year high of $56.45.

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.