Midland Wealth Advisors LLC Acquires New Position in American Beacon GLG Natural Resources ETF $MGNR

Midland Wealth Advisors LLC bought a new position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,142,982 shares of the company’s stock, valued at approximately $46,234,000. American Beacon GLG Natural Resources ETF accounts for approximately 2.5% of Midland Wealth Advisors LLC’s portfolio, making the stock its 12th largest position. Midland Wealth Advisors LLC owned about 0.16% of American Beacon GLG Natural Resources ETF at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MGNR. Harbour Investments Inc. acquired a new stake in shares of American Beacon GLG Natural Resources ETF during the second quarter worth $106,000. Osaic Holdings Inc. lifted its position in American Beacon GLG Natural Resources ETF by 47.9% during the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after buying an additional 1,053 shares during the period. Whipplewood Advisors LLC purchased a new position in American Beacon GLG Natural Resources ETF during the second quarter worth about $207,000. Worth Asset Management LLC acquired a new stake in American Beacon GLG Natural Resources ETF in the 3rd quarter worth about $251,000. Finally, NewEdge Advisors LLC purchased a new stake in American Beacon GLG Natural Resources ETF in the 1st quarter valued at about $253,000.

American Beacon GLG Natural Resources ETF Price Performance

Shares of MGNR stock opened at $52.34 on Friday. The firm has a market cap of $520.78 million, a P/E ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a 1-year low of $24.79 and a 1-year high of $53.84. The firm’s 50-day simple moving average is $47.82 and its 200-day simple moving average is $42.26.

About American Beacon GLG Natural Resources ETF

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.