Whipplewood Advisors LLC Takes $207,000 Position in American Beacon GLG Natural Resources ETF $MGNR

Whipplewood Advisors LLC acquired a new stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the second quarter, Holdings Channel reports. The institutional investor acquired 6,225 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently made changes to their positions in MGNR. Harbour Investments Inc. purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at $106,000. Farther Finance Advisors LLC boosted its position in American Beacon GLG Natural Resources ETF by 88.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock valued at $203,000 after buying an additional 2,876 shares during the period. NewEdge Advisors LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 1st quarter valued at $253,000. Financial Security Advisor Inc. purchased a new stake in American Beacon GLG Natural Resources ETF during the 2nd quarter valued at $254,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in American Beacon GLG Natural Resources ETF by 42.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,222 shares of the company’s stock valued at $483,000 after buying an additional 4,873 shares during the period.

American Beacon GLG Natural Resources ETF Stock Up 0.9%

Shares of MGNR opened at $40.92 on Monday. The stock has a market capitalization of $286.44 million, a P/E ratio of 22.05 and a beta of 0.89. The firm has a fifty day simple moving average of $38.73 and a two-hundred day simple moving average of $34.30. American Beacon GLG Natural Resources ETF has a twelve month low of $24.79 and a twelve month high of $42.34.

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.