International Assets Investment Management LLC buys new stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

International Assets Investment Management LLC acquired a new position in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,200 shares of the company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in MMLG. Centric Wealth Management boosted its holdings in shares of First Trust Multi-Manager Large Growth ETF by 9.9% in the first quarter. Centric Wealth Management now owns 10,113 shares of the company’s stock worth $262,000 after purchasing an additional 908 shares in the last quarter. ICA Group Wealth Management LLC purchased a new stake in First Trust Multi-Manager Large Growth ETF during the fourth quarter valued at about $29,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in First Trust Multi-Manager Large Growth ETF by 25.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 123,978 shares of the company’s stock worth $2,974,000 after buying an additional 25,462 shares during the last quarter.

First Trust Multi-Manager High Growth ETF trading down 0.5%

Shares of NYSEARCA:MMLG opened at $26.83 on Thursday. The stock has a market cap of $65.73 million, a PE ratio of 43.96 and a beta of 1.41. The firm has a 50-day moving average of $27.53 and a 200-day moving average of $27.23. First Trust Multi-Manager Large Growth ETF has a 12-month low of $19.32 and a 12-month high of $29.10.

Company Profile of First Trust Multi-Manager Large Growth ETF

(Free Report)

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 selection is done by two portfolio managers. MMLG was launched on 21 July 2020 and is managed by First Trust.

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Want to see what other hedge funds MMLG owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG – Free Report).

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