Centric Wealth Management Boosts Stake in First Trust Multi-Manager Large Growth ETF $MMLG

Centric Wealth Management lifted its holdings in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 17.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,551 shares of the company’s stock after purchasing an additional 2,559 shares during the period. Centric Wealth Management owned about 0.75% of First Trust Multi-Manager Large Growth ETF worth $479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MMLG. LPL Financial LLC grew its holdings in First Trust Multi-Manager Large Growth ETF by 0.4% in the 1st quarter. LPL Financial LLC now owns 552,829 shares of the company’s stock worth $15,098,000 after acquiring an additional 2,044 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Multi-Manager Large Growth ETF by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 100,447 shares of the company’s stock worth $2,743,000 after acquiring an additional 4,846 shares during the last quarter. Citadel Advisors LLC bought a new stake in First Trust Multi-Manager Large Growth ETF in the 4th quarter worth $1,143,000. Kestra Private Wealth Services LLC boosted its stake in shares of First Trust Multi-Manager Large Growth ETF by 14.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 25,399 shares of the company’s stock valued at $694,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in shares of First Trust Multi-Manager Large Growth ETF by 27.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,646 shares of the company’s stock valued at $673,000 after purchasing an additional 5,333 shares in the last quarter.

First Trust Multi-Manager Large Growth ETF Trading Down 1.3%

Shares of MMLG opened at $34.72 on Friday. The firm’s 50-day moving average price is $34.06 and its 200-day moving average price is $31.04. The firm has a market capitalization of $78.12 million, a price-to-earnings ratio of 43.22 and a beta of 1.16. First Trust Multi-Manager Large Growth ETF has a 1-year low of $22.92 and a 1-year high of $35.29.

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.