HighTower Advisors LLC Makes New Investment in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

HighTower Advisors LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,809 shares of the company’s stock, valued at approximately $1,599,000.

A number of other institutional investors have also made changes to their positions in MGNR. Anchor Capital Advisors LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 45.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 61,173 shares of the company’s stock worth $1,818,000 after buying an additional 19,106 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of American Beacon GLG Natural Resources ETF during the 4th quarter worth about $7,216,000. Finally, Sendero Wealth Management LLC boosted its position in shares of American Beacon GLG Natural Resources ETF by 550.3% during the 4th quarter. Sendero Wealth Management LLC now owns 245,745 shares of the company’s stock valued at $7,302,000 after acquiring an additional 207,956 shares in the last quarter.

American Beacon GLG Natural Resources ETF Stock Up 1.0 %

NYSEARCA:MGNR opened at $31.13 on Tuesday. The firm has a market capitalization of $125.45 million, a PE ratio of 24.00 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a 12-month low of $25.66 and a 12-month high of $33.74. The firm has a 50-day moving average price of $31.01 and a 200 day moving average price of $30.75.

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.