The Vanguard Group Discloses Position in Quanex Building Products Corp

The Vanguard Group, Inc. has disclosed an 11.23% ownership in Quanex Building Products Corporation. According to a regulatory filing on 26 April 2024, The Vanguard Group now controls a total of 3,718,732 shares in Quanex. This disclosure follows the guidelines of Rule 8.3 of the Takeover Code, which applies to those with interests in securities representing 1% or more.

The disclosure comes alongside reported transactions in Quanex's securities. Specifically, The Vanguard Group purchased 1,384 shares at a price of $33.66 each, and sold 223 shares at $33.08 each. This activity highlights active trading involvement and potential strategic positioning by the investment management firm in the market.