Janney Montgomery Scott LLC Acquires Shares of 242,876 American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Janney Montgomery Scott LLC bought a new position in shares of American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 242,876 shares of the company’s stock, valued at approximately $7,216,000. Janney Montgomery Scott LLC owned approximately 17.99% of American Beacon GLG Natural Resources ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MGNR. Sendero Wealth Management LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF during the 3rd quarter worth approximately $1,150,000. CWM LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF during the 3rd quarter worth approximately $3,686,000. International Assets Investment Management LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter worth approximately $7,000,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 18.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,618 shares of the company’s stock worth $39,342,000 after acquiring an additional 197,063 shares during the period.

American Beacon GLG Natural Resources ETF Price Performance

MGNR opened at $30.77 on Wednesday. The stock has a market cap of $41.54 million, a P/E ratio of 17.87 and a beta of 0.89. The stock’s 50 day simple moving average is $31.23 and its 200 day simple moving average is $30.18. American Beacon GLG Natural Resources ETF has a 1-year low of $23.95 and a 1-year 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.