International Assets Investment Management LLC Makes New $62,000 Investment in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

International Assets Investment Management LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,200 shares of the company’s stock, valued at approximately $62,000. International Assets Investment Management LLC owned about 0.09% of First Trust Multi-Manager Large Growth ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new position in First Trust Multi-Manager Large Growth ETF in the 4th quarter valued at about $29,000. Centric Wealth Management grew its position 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 valued at $262,000 after purchasing an additional 908 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 purchasing an additional 25,462 shares during the period.

First Trust Multi-Manager Large Growth ETF Trading Down 0.5 %

NYSEARCA:MMLG opened at $26.83 on Thursday. The stock has a 50 day simple moving average of $27.53 and a 200 day simple moving average of $27.23. First Trust Multi-Manager Large Growth ETF has a 1-year low of $19.32 and a 1-year high of $29.10. The stock has a market cap of $65.73 million, a P/E ratio of 43.96 and a beta of 1.41.

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.