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

Apollon Wealth Management LLC acquired a new position in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 95,885 shares of the company’s stock, valued at approximately $3,185,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in American Beacon GLG Natural Resources ETF by 451.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,245 shares of the company’s stock worth $97,000 after purchasing an additional 2,657 shares in the last quarter. NewEdge Advisors LLC bought a new position in American Beacon GLG Natural Resources ETF in the 1st quarter valued at about $253,000. Financial Security Advisor Inc. bought a new position in American Beacon GLG Natural Resources ETF in the 2nd quarter valued at about $254,000. International Assets Investment Management LLC increased its holdings in American Beacon GLG Natural Resources ETF by 4.0% in the 1st quarter. International Assets Investment Management LLC now owns 12,900 shares of the company’s stock valued at $384,000 after buying an additional 500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in American Beacon GLG Natural Resources ETF by 42.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,222 shares of the company’s stock valued at $483,000 after buying an additional 4,873 shares during the period.

American Beacon GLG Natural Resources ETF Stock Down 3.2%

MGNR stock opened at $39.76 on Monday. American Beacon GLG Natural Resources ETF has a 12 month low of $24.79 and a 12 month high of $42.09. The firm has a market cap of $278.32 million, a P/E ratio of 22.05 and a beta of 0.89. The company’s 50-day moving average price is $37.38 and its two-hundred day moving average price is $33.39.

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.