First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) Stock Holdings Lifted by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,646 shares of the company’s stock after purchasing an additional 1,885 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Multi-Manager Large Growth ETF were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of First Trust Multi-Manager Large Growth ETF during the 4th quarter worth about $29,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Multi-Manager Large Growth ETF by 40.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 173,738 shares of the company’s stock worth $4,778,000 after acquiring an additional 49,760 shares in the last quarter. Centric Wealth Management boosted its stake 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 acquiring an additional 908 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of First Trust Multi-Manager Large Growth ETF during the 2nd quarter worth about $62,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of First Trust Multi-Manager Large Growth ETF by 54.4% during the 2nd quarter. SRS Capital Advisors Inc. now owns 90,120 shares of the company’s stock worth $2,546,000 after acquiring an additional 31,770 shares in the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Performance

MMLG opened at $28.41 on Tuesday. The company has a market cap of $69.60 million, a PE ratio of 43.96 and a beta of 1.41. The stock has a 50-day moving average of $27.28 and a 200-day moving average of $27.35. First Trust Multi-Manager Large Growth ETF has a 52-week low of $19.32 and a 52-week high of $29.10.

First Trust Multi-Manager Large Growth ETF 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.