Signature Equity Partners LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,814 shares of the company’s stock, valued at approximately $1,383,000. American Beacon GLG Natural Resources ETF makes up 0.7% of Signature Equity Partners LLC’s investment portfolio, making the stock its 23rd biggest holding.
Other large investors have also bought and sold shares of the company. Avalon Trust Co bought a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. purchased a new position in American Beacon GLG Natural Resources ETF in the 4th quarter worth approximately $62,000. Osaic Holdings Inc. lifted its position in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after acquiring an additional 1,053 shares in the last quarter. Comerica Bank lifted its position in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after acquiring an additional 497 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in American Beacon GLG Natural Resources ETF during the 1st quarter valued at $216,000.
American Beacon GLG Natural Resources ETF Trading Up 2.0%
American Beacon GLG Natural Resources ETF stock opened at $49.81 on Thursday. The firm has a market cap of $844.28 million, a price-to-earnings ratio of 22.05 and a beta of 0.73. The stock has a fifty day simple moving average of $50.99 and a two-hundred day simple moving average of $51.12. American Beacon GLG Natural Resources ETF has a 12 month low of $32.47 and a 12 month high of $56.37.
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.
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