American Beacon GLG Natural Resources ETF $MGNR Position Lifted by Sendero Wealth Management LLC

Sendero Wealth Management LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,168,548 shares of the company’s stock after acquiring an additional 101,185 shares during the period. American Beacon GLG Natural Resources ETF accounts for about 5.7% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Sendero Wealth Management LLC owned 0.14% of American Beacon GLG Natural Resources ETF worth $51,533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Midland Wealth Advisors LLC acquired a new position in American Beacon GLG Natural Resources ETF in the third quarter valued at $46,234,000. CWM LLC boosted its stake 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 during the last quarter. NewEdge Advisors LLC boosted its stake in American Beacon GLG Natural Resources ETF by 123.7% in the 3rd quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock worth $5,877,000 after buying an additional 80,336 shares during the last quarter. Quadcap Wealth Management LLC grew its holdings in American Beacon GLG Natural Resources ETF by 3.5% in the 3rd quarter. Quadcap Wealth Management LLC now owns 110,275 shares of the company’s stock valued at $4,461,000 after buying an additional 3,711 shares during the period. Finally, CW Advisors LLC grew its holdings in American Beacon GLG Natural Resources ETF by 87.4% in the 2nd quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock valued at $3,258,000 after buying an additional 45,748 shares during the period.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA MGNR opened at $49.66 on Friday. The company has a market cap of $494.12 million, a P/E ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a 12 month low of $24.79 and a 12 month high of $54.56. The company has a 50-day moving average of $51.00 and a 200-day moving average of $45.06.

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.