Jane Street Group LLC Cuts Holdings in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR)

Jane Street Group LLC lowered its holdings in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) by 64.6% in the third quarter, Holdings Channel.com reports. The fund owned 14,093 shares of the company’s stock after selling 25,761 shares during the quarter. Jane Street Group LLC’s holdings in American Beacon GLG Natural Resources ETF were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter valued at approximately $7,000,000. Wealth Enhancement Advisory Services LLC grew its holdings in American Beacon GLG Natural Resources ETF by 18.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,618 shares of the company’s stock valued at $39,342,000 after purchasing an additional 197,063 shares during the last quarter. CWM LLC purchased a new position in American Beacon GLG Natural Resources ETF during the 3rd quarter valued at about $3,686,000. Axxcess Wealth Management LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF during the 2nd quarter worth approximately $2,744,000. Finally, Sendero Wealth Management LLC purchased a new position in American Beacon GLG Natural Resources ETF during the third quarter worth $1,150,000.

American Beacon GLG Natural Resources ETF Stock Up 0.3 %

MGNR opened at $30.76 on Wednesday. The business’s fifty day simple moving average is $31.07 and its 200 day simple moving average is $30.03. American Beacon GLG Natural Resources ETF has a 52 week low of $23.95 and a 52 week high of $33.74. The firm has a market cap of $41.53 million, a P/E ratio of 17.87 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.