Sendero Wealth Management LLC Boosts Stock Position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Sendero Wealth Management LLC raised its holdings in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 550.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,745 shares of the company’s stock after purchasing an additional 207,956 shares during the period. American Beacon GLG Natural Resources ETF accounts for about 1.1% of Sendero Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Sendero Wealth Management LLC owned about 0.18% of American Beacon GLG Natural Resources ETF worth $7,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of American Beacon GLG Natural Resources ETF by 18.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,618 shares of the company’s stock valued at $39,342,000 after buying an additional 197,063 shares during the period. International Assets Investment Management LLC purchased a new position in American Beacon GLG Natural Resources ETF during the 3rd quarter valued at $7,000,000. CWM LLC bought a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter worth $3,686,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter worth about $2,744,000.

American Beacon GLG Natural Resources ETF Trading Up 1.4 %

Shares of MGNR opened at $31.75 on Thursday. American Beacon GLG Natural Resources ETF has a 1-year low of $23.95 and a 1-year high of $33.74. The firm has a market capitalization of $42.86 million, a price-to-earnings ratio of 17.87 and a beta of 0.89. The firm’s 50-day moving average price is $31.13 and its 200-day moving average price is $30.09.

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.