GPS Wealth Strategies Group LLC acquired a new position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,520 shares of the company’s stock, valued at approximately $42,000. GPS Wealth Strategies Group LLC owned 0.06% of First Trust Multi-Manager Large Growth ETF at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in First Trust Multi-Manager Large Growth ETF in the fourth quarter worth about $138,000. Centric Wealth Management lifted its stake in First Trust Multi-Manager Large Growth ETF by 35.3% in the fourth quarter. Centric Wealth Management now owns 14,992 shares of the company’s stock worth $453,000 after acquiring an additional 3,911 shares during the period. Hobart Private Capital LLC lifted its stake in First Trust Multi-Manager Large Growth ETF by 20.6% in the first quarter. Hobart Private Capital LLC now owns 18,119 shares of the company’s stock worth $495,000 after acquiring an additional 3,091 shares during the period. Citadel Advisors LLC purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF during the fourth quarter valued at about $1,143,000. Finally, Total Investment Management Inc. lifted its position in shares of First Trust Multi-Manager Large Growth ETF by 3.1% during the fourth quarter. Total Investment Management Inc. now owns 59,568 shares of the company’s stock valued at $1,800,000 after buying an additional 1,804 shares during the last quarter.
First Trust Multi-Manager Large Growth ETF Stock Performance
MMLG stock opened at $31.79 on Friday. The firm has a market cap of $71.53 million, a price-to-earnings ratio of 34.44 and a beta of 1.21. The firm has a 50-day simple moving average of $29.48 and a two-hundred day simple moving average of $30.04. First Trust Multi-Manager Large Growth ETF has a one year low of $22.92 and a one year high of $33.23.
First Trust Multi-Manager Large Growth ETF 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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