Total Investment Management Inc. Lowers Position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Total Investment Management Inc. lessened its holdings in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 57,764 shares of the company’s stock after selling 673 shares during the quarter. First Trust Multi-Manager Large Growth ETF comprises about 0.2% of Total Investment Management Inc.’s portfolio, making the stock its 24th largest holding. Total Investment Management Inc.’s holdings in First Trust Multi-Manager Large Growth ETF were worth $1,641,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. boosted its position in shares of First Trust Multi-Manager Large Growth ETF by 5.4% during the third quarter. Harbour Investments Inc. now owns 53,832 shares of the company’s stock valued at $1,529,000 after buying an additional 2,772 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in First Trust Multi-Manager Large Growth ETF by 15.7% in the third quarter. Gateway Wealth Partners LLC now owns 19,263 shares of the company’s stock worth $547,000 after purchasing an additional 2,617 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Multi-Manager Large Growth ETF by 95.6% in the 2nd quarter. Cetera Investment Advisers now owns 41,956 shares of the company’s stock worth $1,185,000 after purchasing an additional 20,509 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of First Trust Multi-Manager Large Growth ETF by 54.4% in the 2nd quarter. SRS Capital Advisors Inc. now owns 90,120 shares of the company’s stock worth $2,546,000 after buying an additional 31,770 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Multi-Manager Large Growth ETF in the second quarter worth $62,000.

First Trust Multi-Manager Large Growth ETF Stock Up 0.6 %

Shares of NYSEARCA:MMLG opened at $30.13 on Tuesday. The firm’s 50 day moving average price is $28.45 and its 200-day moving average price is $27.76. The stock has a market capitalization of $73.82 million, a PE ratio of 43.96 and a beta of 1.41. First Trust Multi-Manager Large Growth ETF has a twelve month low of $21.58 and a twelve month high of $30.13.

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.