Harbour Investments Inc. Sells 4,100 Shares of First Trust Multi-Manager Large Growth ETF $MMLG

Harbour Investments Inc. trimmed its stake in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 13.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,315 shares of the company’s stock after selling 4,100 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Multi-Manager Large Growth ETF were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMLG. Aurora Private Wealth Inc. bought a new position in First Trust Multi-Manager Large Growth ETF during the second quarter worth $327,000. Gateway Wealth Partners LLC boosted its position in First Trust Multi-Manager Large Growth ETF by 27.6% during the first quarter. Gateway Wealth Partners LLC now owns 24,646 shares of the company’s stock worth $673,000 after purchasing an additional 5,333 shares during the period. 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 during the period. Kestra Private Wealth Services LLC boosted its position in First Trust Multi-Manager Large Growth ETF by 14.8% during the first quarter. Kestra Private Wealth Services LLC now owns 25,399 shares of the company’s stock worth $694,000 after purchasing an additional 3,276 shares during the period. Finally, Centric Wealth Management boosted its position in First Trust Multi-Manager Large Growth ETF by 17.1% during the first quarter. Centric Wealth Management now owns 17,551 shares of the company’s stock worth $479,000 after purchasing an additional 2,559 shares during the period.

First Trust Multi-Manager Large Growth ETF Price Performance

MMLG stock opened at $35.75 on Friday. The company has a fifty day moving average price of $35.55 and a two-hundred day moving average price of $32.60. First Trust Multi-Manager Large Growth ETF has a one year low of $22.92 and a one year high of $36.83. The stock has a market cap of $91.16 million, a price-to-earnings ratio of 43.22 and a beta of 1.16.

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.