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

Western Wealth Management LLC raised its holdings in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 318.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,260 shares of the company’s stock after buying an additional 39,785 shares during the quarter. Western Wealth Management LLC owned about 2.75% of First Trust Multi-Manager Large Growth ETF worth $1,253,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UBS Group AG grew its holdings in shares of First Trust Multi-Manager Large Growth ETF by 27.9% in the third quarter. UBS Group AG now owns 3,105 shares of the company’s stock valued at $63,000 after purchasing an additional 678 shares during the period. ICA Group Wealth Management LLC purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF in the fourth quarter valued at about $94,000. Private Trust Co. NA purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF in the fourth quarter valued at about $128,000. Provence Wealth Management Group purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF in the third quarter valued at about $128,000. Finally, Cetera Advisors LLC purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF in the fourth quarter valued at about $208,000.

First Trust Multi-Manager Large Growth ETF Trading Down 2.5 %

Shares of MMLG opened at $25.58 on Friday. First Trust Multi-Manager Large Growth ETF has a 12-month low of $18.42 and a 12-month high of $27.90. The firm has a 50-day moving average price of $26.98 and a 200 day moving average price of $24.23. The firm has a market capitalization of $63.95 million, a P/E ratio of 44.92 and a beta of 1.16.

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.