HighTower Advisors LLC Trims Stock Position in American Beacon GLG Natural Resources ETF $MGNR

HighTower Advisors LLC cut its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,773 shares of the company’s stock after selling 6,036 shares during the quarter. HighTower Advisors LLC owned about 1.19% of American Beacon GLG Natural Resources ETF worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MGNR. Farther Finance Advisors LLC lifted its position in American Beacon GLG Natural Resources ETF by 451.9% during the first quarter. Farther Finance Advisors LLC now owns 3,245 shares of the company’s stock worth $97,000 after buying an additional 2,657 shares during the period. Principia Wealth Advisory LLC purchased a new position in American Beacon GLG Natural Resources ETF during the first quarter worth about $120,000. Comerica Bank purchased a new position in American Beacon GLG Natural Resources ETF during the fourth quarter worth about $167,000. International Assets Investment Management LLC lifted its position in American Beacon GLG Natural Resources ETF by 4.0% during the first quarter. International Assets Investment Management LLC now owns 12,900 shares of the company’s stock worth $384,000 after buying an additional 500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in American Beacon GLG Natural Resources ETF by 42.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,222 shares of the company’s stock worth $483,000 after buying an additional 4,873 shares during the period.

American Beacon GLG Natural Resources ETF Trading Down 0.0%

NYSEARCA MGNR opened at $35.81 on Tuesday. The business’s 50-day moving average price is $33.65 and its 200 day moving average price is $31.45. American Beacon GLG Natural Resources ETF has a twelve month low of $24.79 and a twelve month high of $35.91. The company has a market capitalization of $191.58 million, a PE ratio of 22.05 and a beta of 0.89.

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.