Axxcess Wealth Management LLC bought a new position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 92,425 shares of the company’s stock, valued at approximately $2,744,000. Axxcess Wealth Management LLC owned 6.85% of American Beacon GLG Natural Resources ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at about $19,319,000. Lionsbridge Wealth Management LLC bought a new stake in American Beacon GLG Natural Resources ETF during the second quarter worth approximately $385,000. Nations Financial Group Inc. IA ADV acquired a new position in American Beacon GLG Natural Resources ETF in the second quarter worth approximately $380,000. Finally, Anchor Capital Advisors LLC bought a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at $1,117,000.
American Beacon GLG Natural Resources ETF Stock Performance
Shares of NYSEARCA:MGNR opened at $29.26 on Wednesday. The company has a market capitalization of $39.50 million, a PE ratio of 17.87 and a beta of 0.89. The stock has a fifty day moving average of $28.72 and a 200-day moving average of $29.19. American Beacon GLG Natural Resources ETF has a one year low of $23.95 and a one year high of $32.71.
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.
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