Gateway Wealth Partners LLC grew its position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG – Free Report) by 100.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,234 shares of the company’s stock after acquiring an additional 21,698 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Multi-Manager Large Growth ETF were worth $1,355,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. RFG Advisory LLC bought a new stake in shares of First Trust Multi-Manager Large Growth ETF in the 1st quarter valued at $223,000. Equitable Holdings Inc. grew its stake in First Trust Multi-Manager Large Growth ETF by 61.2% in the third 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 during the period. Raymond James Financial Inc. acquired a new position in First Trust Multi-Manager Large Growth ETF in the second quarter valued at about $721,000. Goldman Sachs Group Inc. grew its stake in First Trust Multi-Manager Large Growth ETF by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,145 shares of the company’s stock valued at $632,000 after acquiring an additional 2,152 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of First Trust Multi-Manager Large Growth ETF by 17.2% in the third quarter. Two Sigma Investments LP now owns 24,500 shares of the company’s stock worth $888,000 after acquiring an additional 3,600 shares in the last quarter.
First Trust Multi-Manager Large Growth ETF Price Performance
NYSEARCA MMLG opened at $35.57 on Wednesday. The firm has a market cap of $88.92 million, a P/E ratio of 43.22 and a beta of 1.39. The stock’s 50-day moving average is $36.38 and its 200-day moving average is $34.71. First Trust Multi-Manager Large Growth ETF has a one year low of $30.07 and a one year high of $38.02.
First Trust Multi-Manager Large Growth ETF Company 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.
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