Kingsview Wealth Management LLC Takes Position in American Beacon GLG Natural Resources ETF $MGNR

Kingsview Wealth Management LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,440 shares of the company’s stock, valued at approximately $769,000.

A number of other large investors have also recently made changes to their positions in the stock. Harbour Investments Inc. grew its holdings in shares of American Beacon GLG Natural Resources ETF by 41.8% during the fourth quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock valued at $248,000 after buying an additional 1,658 shares during the last quarter. Magnolia Private Wealth LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 20.6% during the fourth quarter. Magnolia Private Wealth LLC now owns 12,895 shares of the company’s stock valued at $569,000 after buying an additional 2,202 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 72.7% during the fourth quarter. HighTower Advisors LLC now owns 48,238 shares of the company’s stock valued at $2,127,000 after buying an additional 20,299 shares during the last quarter. Financial Security Advisor Inc. boosted its holdings in 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 purchasing an additional 17,747 shares during the last quarter. Finally, SFG Wealth Management LLC. boosted its holdings in 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 purchasing an additional 5,198 shares during the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

NYSEARCA:MGNR opened at $55.19 on Tuesday. American Beacon GLG Natural Resources ETF has a one year low of $31.67 and a one year high of $55.49. The firm has a market cap of $815.16 million, a price-to-earnings ratio of 22.05 and a beta of 0.68. The firm’s fifty day moving average is $52.85 and its two-hundred day moving average is $49.29.

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.