Anchor Capital Advisors LLC increased its position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Free Report) by 45.4% in the 4th quarter, Holdings Channel reports. The firm owned 61,173 shares of the company’s stock after purchasing an additional 19,106 shares during the period. Anchor Capital Advisors LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $1,818,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Sendero Wealth Management LLC lifted its stake in American Beacon GLG Natural Resources ETF by 550.3% in the 4th quarter. Sendero Wealth Management LLC now owns 245,745 shares of the company’s stock worth $7,302,000 after purchasing an additional 207,956 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the fourth quarter valued at approximately $7,216,000. Finally, International Assets Investment Management LLC purchased a new position in American Beacon GLG Natural Resources ETF during the third quarter worth approximately $7,000,000.
American Beacon GLG Natural Resources ETF Stock Performance
NYSEARCA MGNR opened at $29.78 on Friday. The stock’s fifty day moving average is $31.12 and its two-hundred day moving average is $30.61. The firm has a market capitalization of $46.16 million, a P/E ratio of 22.66 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a fifty-two week low of $25.60 and a fifty-two 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.
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