Sendero Wealth Management LLC Purchases 207,956 Shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Sendero Wealth Management LLC increased its position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 550.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,745 shares of the company’s stock after acquiring an additional 207,956 shares during the period. American Beacon GLG Natural Resources ETF makes up about 1.1% of Sendero Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Sendero Wealth Management LLC owned 18.20% of American Beacon GLG Natural Resources ETF worth $7,302,000 at the end of the most recent reporting period.

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

American Beacon GLG Natural Resources ETF Stock Performance

American Beacon GLG Natural Resources ETF stock opened at $31.75 on Thursday. American Beacon GLG Natural Resources ETF has a fifty-two week low of $23.95 and a fifty-two week high of $33.74. The stock has a market cap of $42.86 million, a P/E ratio of 17.87 and a beta of 0.89. The firm’s fifty 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.