Hobart Private Capital LLC Has $985,000 Stock Position in First Trust Multi-Manager Large Growth ETF $MMLG

Hobart Private Capital LLC boosted its stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 110.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,798 shares of the company’s stock after acquiring an additional 14,606 shares during the quarter. Hobart Private Capital LLC owned 1.09% of First Trust Multi-Manager Large Growth ETF worth $985,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MMLG. Citadel Advisors LLC lifted its position in First Trust Multi-Manager Large Growth ETF by 223.3% in the 3rd quarter. Citadel Advisors LLC now owns 33,249 shares of the company’s stock valued at $1,205,000 after acquiring an additional 22,965 shares in the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Multi-Manager Large Growth ETF in the 2nd quarter valued at $721,000. Equitable Holdings Inc. lifted its position in First Trust Multi-Manager Large Growth ETF by 61.2% in the 3rd quarter. Equitable Holdings Inc. now owns 17,049 shares of the company’s stock valued at $618,000 after acquiring an additional 6,471 shares in the last quarter. Two Sigma Investments LP lifted its position in First Trust Multi-Manager Large Growth ETF by 17.2% in the 3rd quarter. Two Sigma Investments LP now owns 24,500 shares of the company’s stock valued at $888,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in First Trust Multi-Manager Large Growth ETF by 10.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 34,992 shares of the company’s stock valued at $1,177,000 after acquiring an additional 3,442 shares in the last quarter.

First Trust Multi-Manager Large Growth ETF Trading Up 1.5%

MMLG opened at $35.25 on Friday. The stock has a market capitalization of $88.13 million, a P/E ratio of 43.22 and a beta of 1.27. First Trust Multi-Manager Large Growth ETF has a 12 month low of $25.18 and a 12 month high of $37.65. The firm’s fifty day simple moving average is $32.67 and its 200 day simple moving average is $34.55.

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.