American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 80.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,096 shares of the company’s stock after selling 74,329 shares during the period. Axxcess Wealth Management LLC owned about 1.34% of American Beacon GLG Natural Resources ETF worth $551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MGNR. International Assets Investment Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the third quarter worth approximately $7,000,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of American Beacon GLG Natural Resources ETF by 61.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,095,555 shares of the company’s stock worth $32,522,000 after buying an additional 415,060 shares during the last quarter. Sendero Wealth Management LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter valued at $1,150,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at $380,000. Finally, Lionsbridge Wealth Management LLC acquired a new stake in American Beacon GLG Natural Resources ETF during the 2nd quarter worth $385,000.

American Beacon GLG Natural Resources ETF Stock Performance

MGNR opened at $30.71 on Thursday. American Beacon GLG Natural Resources ETF has a one year low of $23.95 and a one year high of $32.71. The stock has a market capitalization of $41.46 million, a P/E ratio of 17.87 and a beta of 0.89. The business’s 50-day simple moving average is $30.09 and its 200-day simple moving average is $29.91.

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.