American Beacon GLG Natural Resources ETF $MGNR Stock: First Command Advisory Services Inc. Raises Position

First Command Advisory Services Inc. grew its stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 4,514.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,737,769 shares of the company’s stock after purchasing an additional 6,591,753 shares during the period. American Beacon GLG Natural Resources ETF accounts for 1.8% of First Command Advisory Services Inc.’s portfolio, making the stock its 11th biggest position. First Command Advisory Services Inc. owned approximately 0.26% of American Beacon GLG Natural Resources ETF worth $332,307,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in American Beacon GLG Natural Resources ETF by 3.2% in the third quarter. Commonwealth Equity Services LLC now owns 9,308 shares of the company’s stock valued at $459,000 after acquiring an additional 290 shares during the last quarter. Allworth Financial LP acquired a new position in American Beacon GLG Natural Resources ETF in the second quarter valued at $33,000. IFP Advisors Inc boosted its stake in American Beacon GLG Natural Resources ETF by 100.0% in the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $97,000 after acquiring an additional 1,000 shares in the last quarter. Avalon Trust Co purchased a new position in shares of American Beacon GLG Natural Resources ETF during the first quarter worth about $52,000. Finally, Principia Wealth Advisory LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 33.6% during the second quarter. Principia Wealth Advisory LLC now owns 5,925 shares of the company’s stock worth $288,000 after purchasing an additional 1,490 shares during the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of MGNR stock opened at $47.30 on Thursday. The stock’s 50-day moving average is $50.14 and its two-hundred day moving average is $51.33. American Beacon GLG Natural Resources ETF has a 1 year low of $39.26 and a 1 year high of $56.45. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 13.99 and a beta of 0.85.

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.