Wealth Enhancement Advisory Services LLC decreased its position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,292,284 shares of the company’s stock after selling 334 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.96% of American Beacon GLG Natural Resources ETF worth $39,332,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MGNR. Sendero Wealth Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 3rd quarter worth $1,150,000. Axxcess Wealth Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 2nd quarter worth $2,744,000. CWM LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 3rd quarter worth $3,686,000. Finally, International Assets Investment Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 3rd quarter worth $7,000,000.
American Beacon GLG Natural Resources ETF Price Performance
American Beacon GLG Natural Resources ETF stock opened at $30.77 on Friday. American Beacon GLG Natural Resources ETF has a 12-month low of $23.95 and a 12-month high of $33.74. The company has a market capitalization of $41.54 million, a price-to-earnings ratio of 17.87 and a beta of 0.89. The firm’s fifty day moving average price is $31.10 and its 200 day moving average price is $30.06.
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.
Further Reading
- Five stocks we like better than American Beacon GLG Natural Resources ETF
- What is a Death Cross in Stocks?
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- What Are Dividend Challengers?
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- Investing In Preferred Stock vs. Common Stock
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Want to see what other hedge funds are holding MGNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report).
Receive News & Ratings for American Beacon GLG Natural Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Beacon GLG Natural Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.
