American Beacon GLG Natural Resources ETF $MGNR Stake Raised by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 19.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,862 shares of the company’s stock after buying an additional 15,727 shares during the period. Harbor Investment Advisory LLC owned approximately 0.67% of American Beacon GLG Natural Resources ETF worth $4,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in American Beacon GLG Natural Resources ETF during the 4th quarter valued at $62,000. Osaic Holdings Inc. grew its stake in shares of American Beacon GLG Natural Resources ETF by 47.9% in the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after purchasing an additional 1,053 shares in the last quarter. Comerica Bank increased its holdings in shares of American Beacon GLG Natural Resources ETF by 18.6% during the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after purchasing an additional 497 shares during the period. Harbour Investments Inc. increased 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 purchasing an additional 1,658 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter valued at about $253,000.

American Beacon GLG Natural Resources ETF Stock Up 0.6%

MGNR stock opened at $48.55 on Wednesday. The company has a market capitalization of $717.08 million, a P/E ratio of 22.05 and a beta of 0.64. The company has a 50-day simple moving average of $52.77 and a 200 day simple moving average of $50.66. American Beacon GLG Natural Resources ETF has a fifty-two week low of $32.47 and a fifty-two week high of $56.37.

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. MGNR was launched on Feb 5, 2024 and is issued by American Beacon.