Apollon Wealth Management LLC Makes New Investment in American Beacon GLG Natural Resources ETF $MGNR

Apollon Wealth Management LLC bought a new stake in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 95,885 shares of the company’s stock, valued at approximately $3,185,000. Apollon Wealth Management LLC owned approximately 1.88% of American Beacon GLG Natural Resources ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MGNR. Farther Finance Advisors LLC increased its stake in American Beacon GLG Natural Resources ETF by 451.9% in the first quarter. Farther Finance Advisors LLC now owns 3,245 shares of the company’s stock valued at $97,000 after purchasing an additional 2,657 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in American Beacon GLG Natural Resources ETF by 9.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,457,378 shares of the company’s stock valued at $43,401,000 after purchasing an additional 131,143 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in American Beacon GLG Natural Resources ETF by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 260,672 shares of the company’s stock valued at $7,763,000 after purchasing an additional 17,796 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in American Beacon GLG Natural Resources ETF by 42.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,222 shares of the company’s stock valued at $483,000 after purchasing an additional 4,873 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in American Beacon GLG Natural Resources ETF by 4.0% in the first quarter. International Assets Investment Management LLC now owns 12,900 shares of the company’s stock valued at $384,000 after purchasing an additional 500 shares in the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA:MGNR opened at $39.76 on Monday. American Beacon GLG Natural Resources ETF has a 52 week low of $24.79 and a 52 week high of $42.09. The company has a market capitalization of $278.32 million, a PE ratio of 22.05 and a beta of 0.89. The company has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $33.39.

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.