Janney Montgomery Scott LLC Raises Stock Position in American Beacon GLG Natural Resources ETF $MGNR

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

Several other hedge funds also recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV raised its stake in shares of American Beacon GLG Natural Resources ETF by 291.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 48,950 shares of the company’s stock valued at $2,525,000 after buying an additional 36,450 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the fourth quarter worth about $332,000. Maia Wealth LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 11.0% in the fourth quarter. Maia Wealth LLC now owns 30,103 shares of the company’s stock worth $1,328,000 after buying an additional 2,990 shares during the last quarter. Osaic Holdings Inc. grew its holdings in American Beacon GLG Natural Resources ETF by 35.7% during the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock worth $9,878,000 after acquiring an additional 58,881 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in American Beacon GLG Natural Resources ETF by 5.3% during the fourth quarter. Kestra Advisory Services LLC now owns 20,567 shares of the company’s stock worth $907,000 after acquiring an additional 1,032 shares during the period.

American Beacon GLG Natural Resources ETF Trading Down 0.1%

Shares of MGNR stock opened at $48.25 on Tuesday. The stock has a 50 day moving average of $52.87 and a 200 day moving average of $50.63. The stock has a market cap of $712.65 million, a P/E ratio of 22.05 and a beta of 0.64. American Beacon GLG Natural Resources ETF has a twelve month low of $32.47 and a twelve month high of $56.37.

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