Gateway Wealth Partners LLC Grows Position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Gateway Wealth Partners LLC boosted its holdings in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,646 shares of the company’s stock after acquiring an additional 1,885 shares during the quarter. Gateway Wealth Partners LLC owned about 0.68% of First Trust Multi-Manager Large Growth ETF worth $470,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MMLG. ICA Group Wealth Management LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF in the fourth quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF in the second quarter valued at $62,000. Centric Wealth Management grew its holdings in 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. SRS Capital Advisors Inc. grew its holdings in First Trust Multi-Manager Large Growth ETF by 54.4% in the second quarter. SRS Capital Advisors Inc. now owns 90,120 shares of the company’s stock valued at $2,546,000 after purchasing an additional 31,770 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in First Trust Multi-Manager Large Growth ETF by 40.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 173,738 shares of the company’s stock valued at $4,778,000 after purchasing an additional 49,760 shares during the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Performance

First Trust Multi-Manager Large Growth ETF stock opened at $28.41 on Tuesday. The firm has a market capitalization of $69.60 million, a price-to-earnings ratio of 43.96 and a beta of 1.41. First Trust Multi-Manager Large Growth ETF has a fifty-two week low of $19.32 and a fifty-two week high of $29.10. The stock’s fifty day moving average is $27.28 and its two-hundred day moving average is $27.35.

About First Trust Multi-Manager Large Growth ETF

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.