Sanctuary Advisors LLC Makes New Investment in American Beacon GLG Natural Resources ETF $MGNR

Sanctuary Advisors LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,207 shares of the company’s stock, valued at approximately $1,249,000. Sanctuary Advisors LLC owned about 0.16% of American Beacon GLG Natural Resources ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MGNR. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the fourth quarter worth approximately $62,000. Osaic Holdings Inc. raised its stake in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after purchasing an additional 1,053 shares during the last quarter. Comerica Bank raised its stake in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after purchasing an additional 497 shares during the last quarter. Fifth Third Bancorp purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter valued at $216,000. Finally, Lodestar Private Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter valued at $225,000.

American Beacon GLG Natural Resources ETF Stock Down 0.3%

Shares of MGNR opened at $49.54 on Friday. American Beacon GLG Natural Resources ETF has a 52-week low of $32.47 and a 52-week high of $56.37. The firm’s fifty day moving average is $50.80 and its two-hundred day moving average is $51.15. The stock has a market cap of $842.18 million, a PE ratio of 22.05 and a beta of 0.73.

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.