430,513 Shares in American Beacon AHL Trend ETF $AHLT Purchased by Abbington Investment Group

Abbington Investment Group bought a new stake in shares of American Beacon AHL Trend ETF (NYSEARCA:AHLT) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 430,513 shares of the company’s stock, valued at approximately $10,479,000. American Beacon AHL Trend ETF comprises about 9.0% of Abbington Investment Group’s holdings, making the stock its 2nd biggest position. Abbington Investment Group owned about 21.21% of American Beacon AHL Trend ETF at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Your Advocates Ltd. LLP boosted its position in American Beacon AHL Trend ETF by 20.4% during the second quarter. Your Advocates Ltd. LLP now owns 11,688 shares of the company’s stock worth $259,000 after acquiring an additional 1,982 shares during the last quarter. Mutual Advisors LLC acquired a new position in American Beacon AHL Trend ETF in the 2nd quarter valued at $227,000. Finally, Jane Street Group LLC purchased a new position in shares of American Beacon AHL Trend ETF during the 2nd quarter worth $379,000.

American Beacon AHL Trend ETF Price Performance

AHLT opened at $27.19 on Friday. American Beacon AHL Trend ETF has a 1 year low of $21.17 and a 1 year high of $27.69. The company’s 50 day simple moving average is $25.87 and its 200 day simple moving average is $24.17.

About American Beacon AHL Trend ETF

The American Beacon AHL Trend ETF (AHLT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks capital growth through a systematic, trend-following, managed futures strategy. Using technical analysis, the fund actively manages a wide range of derivatives linked to commodities, stocks indexes, currencies, bonds and interest rates. AHLT was launched on Aug 30, 2023 and is issued by American Beacon.