Magnolia Private Wealth LLC Buys Shares of 10,693 American Beacon GLG Natural Resources ETF $MGNR

Magnolia Private Wealth LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,693 shares of the company’s stock, valued at approximately $433,000. Magnolia Private Wealth LLC owned 0.15% of American Beacon GLG Natural Resources ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Security Advisor Inc. raised its holdings in American Beacon GLG Natural Resources ETF by 200.2% during the 3rd quarter. Financial Security Advisor Inc. now owns 22,912 shares of the company’s stock worth $927,000 after buying an additional 15,280 shares during the period. Anchor Capital Advisors LLC raised its stake in shares of American Beacon GLG Natural Resources ETF by 1.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 76,927 shares of the company’s stock valued at $3,112,000 after purchasing an additional 1,061 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 62.8% in the third quarter. Harbor Investment Advisory LLC now owns 71,673 shares of the company’s stock valued at $2,899,000 after purchasing an additional 27,641 shares in the last quarter. Philip James Wealth Mangement LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF in the third quarter valued at about $507,000. Finally, Worth Asset Management LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF during the third quarter worth about $251,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of American Beacon GLG Natural Resources ETF stock opened at $51.83 on Wednesday. American Beacon GLG Natural Resources ETF has a 52-week low of $24.79 and a 52-week high of $52.75. The firm has a market cap of $515.71 million, a PE ratio of 22.05 and a beta of 0.89. The business’s 50 day simple moving average is $46.67 and its 200 day simple moving average is $41.46.

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.