Centurion Wealth Management LLC Makes New $4.38 Million Investment in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Centurion Wealth Management LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 147,445 shares of the company’s stock, valued at approximately $4,381,000. American Beacon GLG Natural Resources ETF accounts for 1.4% of Centurion Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Centurion Wealth Management LLC owned about 0.11% of American Beacon GLG Natural Resources ETF at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Sendero Wealth Management LLC grew its holdings in 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 in the last quarter. Janney Montgomery Scott LLC acquired a new stake in American Beacon GLG Natural Resources ETF during the 4th quarter valued at $7,216,000. Anchor Capital Advisors LLC grew its holdings in American Beacon GLG Natural Resources ETF by 45.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 61,173 shares of the company’s stock valued at $1,818,000 after purchasing an additional 19,106 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in American Beacon GLG Natural Resources ETF during the 4th quarter valued at $1,599,000.

American Beacon GLG Natural Resources ETF Trading Up 2.6 %

MGNR opened at $30.23 on Friday. The company has a fifty day simple moving average of $30.97 and a 200 day simple moving average of $30.63. The firm has a market cap of $121.83 million, a price-to-earnings ratio of 20.70 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a twelve month low of $25.66 and a twelve month high of $33.74.

American Beacon GLG Natural Resources ETF 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.