Maia Wealth LLC Trims Stake in American Beacon GLG Natural Resources ETF $MGNR

Maia Wealth LLC lessened its stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 25.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,602 shares of the company’s stock after selling 6,593 shares during the period. Maia Wealth LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MGNR. Sendero Wealth Management LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 21.1% during the 2nd quarter. Sendero Wealth Management LLC now owns 912,866 shares of the company’s stock valued at $30,327,000 after purchasing an additional 158,771 shares in the last quarter. Janney Montgomery Scott LLC grew its position in American Beacon GLG Natural Resources ETF by 2.3% during the second quarter. Janney Montgomery Scott LLC now owns 266,687 shares of the company’s stock valued at $8,860,000 after buying an additional 6,015 shares during the period. CWM LLC increased its holdings in American Beacon GLG Natural Resources ETF by 8.0% in the second quarter. CWM LLC now owns 160,641 shares of the company’s stock valued at $5,337,000 after buying an additional 11,842 shares in the last quarter. Quadcap Wealth Management LLC raised its position in shares of American Beacon GLG Natural Resources ETF by 14.7% in the second quarter. Quadcap Wealth Management LLC now owns 106,564 shares of the company’s stock worth $3,540,000 after acquiring an additional 13,678 shares during the period. Finally, Apollon Wealth Management LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter worth about $3,185,000.

American Beacon GLG Natural Resources ETF Stock Up 3.1%

MGNR stock opened at $42.66 on Thursday. American Beacon GLG Natural Resources ETF has a 52-week low of $24.79 and a 52-week high of $42.85. The firm has a market cap of $300.75 million, a P/E ratio of 22.05 and a beta of 0.89. The company’s 50-day simple moving average is $40.58 and its 200-day simple moving average is $36.16.

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.