Janney Montgomery Scott LLC Purchases 242,301 Shares of American Beacon GLG Natural Resources ETF $MGNR

Janney Montgomery Scott LLC lifted its position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 81.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 539,000 shares of the company’s stock after buying an additional 242,301 shares during the period. Janney Montgomery Scott LLC owned approximately 3.82% of American Beacon GLG Natural Resources ETF worth $27,802,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in American Beacon GLG Natural Resources ETF during the fourth quarter valued at approximately $62,000. Osaic Holdings Inc. increased its position in shares of American Beacon GLG Natural Resources ETF by 47.9% during the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after purchasing an additional 1,053 shares in the last quarter. Comerica Bank increased its position in shares of American Beacon GLG Natural Resources ETF by 18.6% during the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after purchasing an additional 497 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 41.8% during the 4th quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock valued at $248,000 after purchasing an additional 1,658 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at $253,000.

American Beacon GLG Natural Resources ETF Price Performance

American Beacon GLG Natural Resources ETF stock opened at $48.25 on Tuesday. American Beacon GLG Natural Resources ETF has a 1-year low of $32.47 and a 1-year high of $56.37. The business has a fifty day moving average price of $52.87 and a 200-day moving average price of $50.63. The stock has a market capitalization of $712.65 million, a price-to-earnings ratio of 22.05 and a beta of 0.64.

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. MGNR was launched on Feb 5, 2024 and is issued by American Beacon.