Principia Wealth Advisory LLC Acquires Shares of 4,262 American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Principia Wealth Advisory LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the first quarter, HoldingsChannel.com reports. The firm acquired 4,262 shares of the company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of American Beacon GLG Natural Resources ETF during the fourth quarter valued at $167,000. Jane Street Group LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 49.5% during the fourth quarter. Jane Street Group LLC now owns 21,069 shares of the company’s stock valued at $626,000 after acquiring an additional 6,976 shares during the period. Congress Wealth Management LLC DE bought a new position in shares of American Beacon GLG Natural Resources ETF during the fourth quarter valued at $627,000. Harbor Investment Advisory LLC bought a new position in shares of American Beacon GLG Natural Resources ETF during the first quarter valued at $657,000. Finally, HighTower Advisors LLC bought a new position in shares of American Beacon GLG Natural Resources ETF during the fourth quarter valued at $1,599,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA MGNR opened at $32.49 on Friday. The stock has a market cap of $130.93 million, a PE ratio of 23.01 and a beta of 0.89. The business has a fifty day moving average of $29.76 and a two-hundred day moving average of $30.57. American Beacon GLG Natural Resources ETF has a 52-week low of $24.79 and a 52-week high of $33.74.

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.