Magnolia Private Wealth LLC Takes Position in 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) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,693 shares of the company’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also modified their holdings of MGNR. Sendero Wealth Management LLC grew its position in American Beacon GLG Natural Resources ETF by 16.9% in the third quarter. Sendero Wealth Management LLC now owns 1,067,363 shares of the company’s stock valued at $43,175,000 after acquiring an additional 154,497 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 664.0% in the 2nd quarter. NewEdge Advisors LLC now owns 64,944 shares of the company’s stock valued at $2,158,000 after purchasing an additional 56,443 shares in the last quarter. CW Advisors LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 87.4% in the 2nd quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock valued at $3,258,000 after purchasing an additional 45,748 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 62.8% during the 3rd 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 during the last quarter. Finally, CWM LLC increased its position in American Beacon GLG Natural Resources ETF by 15.4% during the 3rd quarter. CWM LLC now owns 185,445 shares of the company’s stock worth $7,501,000 after purchasing an additional 24,804 shares in the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

Shares of NYSEARCA:MGNR opened at $51.83 on Wednesday. The company has a market cap of $515.71 million, a price-to-earnings ratio of 22.05 and a beta of 0.89. The firm has a 50 day simple moving average of $46.67 and a 200 day simple moving average of $41.46. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $52.75.

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.