LPL Financial LLC Increases Stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

LPL Financial LLC grew its stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 552,829 shares of the company’s stock after buying an additional 2,044 shares during the quarter. LPL Financial LLC owned 23.52% of First Trust Multi-Manager Large Growth ETF worth $15,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MMLG. Cetera Investment Advisers boosted its position in First Trust Multi-Manager Large Growth ETF by 5.1% during the first quarter. Cetera Investment Advisers now owns 100,447 shares of the company’s stock worth $2,743,000 after purchasing an additional 4,846 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings 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 purchasing an additional 3,276 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in First Trust Multi-Manager Large Growth ETF by 27.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,646 shares of the company’s stock worth $673,000 after buying an additional 5,333 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in First Trust Multi-Manager Large Growth ETF during the 1st quarter worth approximately $42,000. Finally, Hobart Private Capital LLC raised its position in shares of First Trust Multi-Manager Large Growth ETF by 20.6% during the 1st quarter. Hobart Private Capital LLC now owns 18,119 shares of the company’s stock worth $495,000 after purchasing an additional 3,091 shares during the period.

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

MMLG opened at $34.61 on Thursday. The firm has a market cap of $77.87 million, a PE ratio of 43.22 and a beta of 1.16. The business has a fifty day simple moving average of $33.17 and a 200-day simple moving average of $30.72. 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.

About First Trust Multi-Manager Large Growth ETF

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.