Nations Financial Group Inc. IA ADV Grows Stake in American Beacon GLG Natural Resources ETF $MGNR

Nations Financial Group Inc. IA ADV lifted its position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 291.6% during the 1st quarter, HoldingsChannel reports. The firm owned 48,950 shares of the company’s stock after buying an additional 36,450 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in American Beacon GLG Natural Resources ETF were worth $2,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in American Beacon GLG Natural Resources ETF during the fourth quarter valued at $62,000. Osaic Holdings Inc. raised its holdings in shares of 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 raised its holdings in shares of 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. Harbour Investments Inc. raised its holdings in shares of American Beacon GLG Natural Resources ETF by 41.8% in the 4th quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock valued at $248,000 after acquiring an additional 1,658 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at about $253,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA MGNR opened at $51.05 on Monday. American Beacon GLG Natural Resources ETF has a 12 month low of $32.47 and a 12 month high of $56.37. The firm has a market capitalization of $754.01 million, a price-to-earnings ratio of 22.05 and a beta of 0.64. The business has a 50-day moving average of $53.36 and a 200-day moving average of $50.38.

American Beacon GLG Natural Resources ETF 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.