International Assets Investment Management LLC acquired a new position in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,200 shares of the company’s stock, valued at approximately $62,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMLG. Centric Wealth Management grew its holdings in shares of First Trust Multi-Manager Large Growth ETF by 9.9% during the 1st quarter. Centric Wealth Management now owns 10,113 shares of the company’s stock worth $262,000 after purchasing an additional 908 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF during the fourth quarter worth about $29,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in First Trust Multi-Manager Large Growth ETF by 25.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 123,978 shares of the company’s stock worth $2,974,000 after buying an additional 25,462 shares in the last quarter.
First Trust Multi-Manager Large Growth ETF Trading Down 0.5 %
Shares of NYSEARCA:MMLG opened at $26.83 on Thursday. The stock has a market capitalization of $65.73 million, a PE ratio of 43.96 and a beta of 1.41. The firm has a 50 day moving average of $27.53 and a 200-day moving average of $27.23. First Trust Multi-Manager Large Growth ETF has a 12 month low of $19.32 and a 12 month high of $29.10.
First Trust Multi-Manager Large Growth ETF Company Profile
The First Trust Multi-Manager Large Growth ETF (MMLG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is actively managed to invest in US large cap growth stocks. Stock selections are made by two portfolio managers. MMLG was launched on Jul 21, 2020 and is managed by First Trust.
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