HighTower Advisors LLC Has $2.13 Million Holdings in American Beacon GLG Natural Resources ETF $MGNR

HighTower Advisors LLC grew its stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 72.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,238 shares of the company’s stock after buying an additional 20,299 shares during the quarter. HighTower Advisors LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $2,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Security Advisor Inc. boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 77.5% in the fourth quarter. Financial Security Advisor Inc. now owns 40,659 shares of the company’s stock valued at $1,793,000 after buying an additional 17,747 shares during the period. SFG Wealth Management LLC. boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 66.0% in the fourth quarter. SFG Wealth Management LLC. now owns 13,074 shares of the company’s stock valued at $577,000 after buying an additional 5,198 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 158.2% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock valued at $14,577,000 after buying an additional 202,503 shares during the period. Quadcap Wealth Management LLC boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 4.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 114,769 shares of the company’s stock valued at $5,061,000 after buying an additional 4,494 shares during the period. Finally, Comerica Bank boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 18.6% in the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after buying an additional 497 shares during the period.

American Beacon GLG Natural Resources ETF Trading Up 0.3%

Shares of MGNR opened at $55.19 on Tuesday. American Beacon GLG Natural Resources ETF has a 12 month low of $31.67 and a 12 month high of $55.49. The firm has a fifty day simple moving average of $52.85 and a 200 day simple moving average of $49.29. The stock has a market capitalization of $815.16 million, a price-to-earnings ratio of 22.05 and a beta of 0.68.

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.