First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,447 shares of the company’s stock after buying an additional 4,846 shares during the quarter. Cetera Investment Advisers owned approximately 4.27% of First Trust Multi-Manager Large Growth ETF worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in First Trust Multi-Manager Large Growth ETF in the fourth quarter worth $1,143,000. Kestra Private Wealth Services LLC lifted its stake in First Trust Multi-Manager Large Growth ETF by 14.8% in the first quarter. Kestra Private Wealth Services LLC now owns 25,399 shares of the company’s stock valued at $694,000 after buying an additional 3,276 shares during the last quarter. Hobart Private Capital LLC lifted its stake in First Trust Multi-Manager Large Growth ETF by 20.6% in the first quarter. Hobart Private Capital LLC now owns 18,119 shares of the company’s stock valued at $495,000 after buying an additional 3,091 shares during the last quarter. Park Square Financial Group LLC bought a new stake in First Trust Multi-Manager Large Growth ETF in the fourth quarter valued at $138,000. Finally, Gateway Wealth Partners LLC lifted its stake in First Trust Multi-Manager Large Growth ETF by 27.6% in the first quarter. Gateway Wealth Partners LLC now owns 24,646 shares of the company’s stock valued at $673,000 after buying an additional 5,333 shares during the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Up 1.7%

Shares of NYSEARCA MMLG opened at $34.61 on Thursday. First Trust Multi-Manager Large Growth ETF has a fifty-two week low of $22.92 and a fifty-two week high of $35.29. The firm’s 50-day simple moving average is $33.17 and its 200 day simple moving average is $30.72. The stock has a market cap of $77.87 million, a P/E ratio of 43.22 and a beta of 1.16.

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.