Farther Finance Advisors LLC Grows Stake in American Beacon GLG Natural Resources ETF $MGNR

Farther Finance Advisors LLC grew its holdings in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 88.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,121 shares of the company’s stock after acquiring an additional 2,876 shares during the quarter. Farther Finance Advisors LLC owned about 0.12% of American Beacon GLG Natural Resources ETF worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 9.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,457,378 shares of the company’s stock valued at $43,401,000 after acquiring an additional 131,143 shares during the last quarter. Sendero Wealth Management LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 206.9% in the 1st quarter. Sendero Wealth Management LLC now owns 754,095 shares of the company’s stock valued at $22,457,000 after acquiring an additional 508,350 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 260,672 shares of the company’s stock valued at $7,763,000 after acquiring an additional 17,796 shares during the last quarter. CWM LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 21.7% in the 1st quarter. CWM LLC now owns 148,799 shares of the company’s stock valued at $4,431,000 after acquiring an additional 26,507 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of American Beacon GLG Natural Resources ETF in the 1st quarter valued at about $4,258,000.

American Beacon GLG Natural Resources ETF Stock Performance

MGNR opened at $40.85 on Thursday. The business’s 50-day simple moving average is $36.34 and its 200-day simple moving average is $32.88. The company has a market cap of $218.55 million, a P/E ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $40.99.

American Beacon GLG Natural Resources ETF Company 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.