Midland Wealth Advisors LLC Boosts Holdings in American Beacon GLG Natural Resources ETF $MGNR

Midland Wealth Advisors LLC lifted its stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,292,832 shares of the company’s stock after purchasing an additional 149,850 shares during the quarter. American Beacon GLG Natural Resources ETF accounts for approximately 3.0% of Midland Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Midland Wealth Advisors LLC owned approximately 14.53% of American Beacon GLG Natural Resources ETF worth $57,014,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC increased its holdings in American Beacon GLG Natural Resources ETF by 62.8% in the 3rd quarter. Harbor Investment Advisory LLC now owns 71,673 shares of the company’s stock worth $2,899,000 after buying an additional 27,641 shares in the last quarter. CWM LLC increased its holdings in American Beacon GLG Natural Resources ETF by 15.4% in the 3rd quarter. CWM LLC now owns 185,445 shares of the company’s stock worth $7,501,000 after buying an additional 24,804 shares in the last quarter. Magnolia Private Wealth LLC bought a new stake in American Beacon GLG Natural Resources ETF in the 3rd quarter worth about $433,000. Philip James Wealth Mangement LLC bought a new stake in American Beacon GLG Natural Resources ETF in the 3rd quarter worth about $507,000. Finally, Sendero Wealth Management LLC increased its holdings in American Beacon GLG Natural Resources ETF by 9.5% in the 4th quarter. Sendero Wealth Management LLC now owns 1,168,548 shares of the company’s stock worth $51,533,000 after buying an additional 101,185 shares in the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

NYSEARCA MGNR opened at $53.34 on Friday. American Beacon GLG Natural Resources ETF has a one year low of $27.58 and a one year high of $54.56. The stock has a 50-day moving average of $51.73 and a 200 day moving average of $46.55. The company has a market capitalization of $752.09 million, a price-to-earnings ratio of 22.05 and a beta of 0.84.

American Beacon GLG Natural Resources ETF Company 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.