Congress Wealth Management LLC DE Invests $627,000 in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Congress Wealth Management LLC DE bought a new position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,088 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors have also recently added to or reduced their stakes in MGNR. Sendero Wealth Management LLC increased 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 purchasing an additional 207,956 shares during the period. Janney Montgomery Scott LLC acquired a new position in American Beacon GLG Natural Resources ETF during the fourth quarter worth about $7,216,000. Centurion Wealth Management LLC acquired a new position in American Beacon GLG Natural Resources ETF during the fourth quarter worth about $4,381,000. Anchor Capital Advisors LLC raised its position in American Beacon GLG Natural Resources ETF by 45.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 61,173 shares of the company’s stock worth $1,818,000 after acquiring an additional 19,106 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of American Beacon GLG Natural Resources ETF during the 4th quarter valued at about $1,599,000.

American Beacon GLG Natural Resources ETF Price Performance

Shares of MGNR opened at $30.03 on Friday. The firm’s 50 day moving average is $30.93 and its 200-day moving average is $30.80. American Beacon GLG Natural Resources ETF has a 12-month low of $25.66 and a 12-month high of $33.74. The stock has a market capitalization of $121.02 million, a P/E ratio of 24.00 and a beta of 0.89.

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.