Sendero Wealth Management LLC Boosts Stake in American Beacon GLG Natural Resources ETF $MGNR

Sendero Wealth Management LLC grew its position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 16.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,067,363 shares of the company’s stock after acquiring an additional 154,497 shares during the period. American Beacon GLG Natural Resources ETF accounts for approximately 5.1% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Sendero Wealth Management LLC owned 15.03% of American Beacon GLG Natural Resources ETF worth $43,175,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MGNR. Osaic Holdings Inc. grew its position in American Beacon GLG Natural Resources ETF by 47.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after acquiring an additional 1,053 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of American Beacon GLG Natural Resources ETF by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 71,020 shares of the company’s stock valued at $2,359,000 after purchasing an additional 1,557 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 88.6% during the second quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock worth $203,000 after purchasing an additional 2,876 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at approximately $106,000. Finally, Anchor Capital Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF by 6.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 75,866 shares of the company’s stock valued at $2,520,000 after buying an additional 4,925 shares during the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA:MGNR opened at $43.41 on Thursday. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $44.95. The company has a market cap of $306.04 million, a PE ratio of 22.05 and a beta of 0.89. The firm’s 50 day simple moving average is $41.60 and its 200 day simple moving average is $37.46.

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.