Kestra Private Wealth Services LLC Grows Stock Position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Kestra Private Wealth Services LLC boosted its holdings in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,452 shares of the company’s stock after acquiring an additional 3,969 shares during the period. Kestra Private Wealth Services LLC owned 1.50% of First Trust Multi-Manager Large Growth ETF worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust Multi-Manager Large Growth ETF by 267.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 98,516 shares of the company’s stock valued at $2,006,000 after acquiring an additional 71,692 shares during the last quarter. Private Advisor Group LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF in the 3rd quarter valued at approximately $361,000. Provence Wealth Management Group purchased a new stake in First Trust Multi-Manager Large Growth ETF in the third quarter valued at approximately $128,000. Tower Research Capital LLC TRC raised its position in First Trust Multi-Manager Large Growth ETF by 16.3% in the third quarter. Tower Research Capital LLC TRC now owns 42,964 shares of the company’s stock valued at $875,000 after purchasing an additional 6,011 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its stake in First Trust Multi-Manager Large Growth ETF by 2.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 198,554 shares of the company’s stock worth $4,762,000 after purchasing an additional 5,443 shares in the last quarter.

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

Shares of NYSEARCA MMLG opened at $26.49 on Monday. The stock has a market capitalization of $66.23 million, a PE ratio of 43.04 and a beta of 1.37. First Trust Multi-Manager Large Growth ETF has a twelve month low of $18.74 and a twelve month high of $27.90. The stock has a fifty day simple moving average of $26.95 and a 200-day simple moving average of $24.65.

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.