Harbour Investments Inc. Acquires 2,772 Shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Harbour Investments Inc. lifted its stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,832 shares of the company’s stock after purchasing an additional 2,772 shares during the period. Harbour Investments Inc.’s holdings in First Trust Multi-Manager Large Growth ETF were worth $1,529,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in First Trust Multi-Manager Large Growth ETF during the second quarter worth about $62,000. SRS Capital Advisors Inc. increased 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 valued at $2,546,000 after acquiring an additional 31,770 shares during the last quarter. Gateway Wealth Partners LLC raised its position in shares of First Trust Multi-Manager Large Growth ETF by 12.8% in the 2nd quarter. Gateway Wealth Partners LLC now owns 16,646 shares of the company’s stock valued at $470,000 after acquiring an additional 1,885 shares during the period. Finally, Cetera Investment Advisers grew its holdings in First Trust Multi-Manager Large Growth ETF by 95.6% during the second quarter. Cetera Investment Advisers now owns 41,956 shares of the company’s stock valued at $1,185,000 after purchasing an additional 20,509 shares during the period.

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of NYSEARCA:MMLG opened at $30.56 on Thursday. The company has a 50 day moving average price of $28.59 and a two-hundred day moving average price of $27.80. The company has a market capitalization of $74.87 million, a PE ratio of 43.96 and a beta of 1.41. First Trust Multi-Manager Large Growth ETF has a 52 week low of $21.96 and a 52 week high of $30.73.

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.