SRS Capital Advisors Inc. Buys 2,348 Shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

SRS Capital Advisors Inc. increased its stake in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,909 shares of the company’s stock after acquiring an additional 2,348 shares during the quarter. SRS Capital Advisors Inc.’s holdings in First Trust Multi-Manager Large Growth ETF were worth $2,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new position in First Trust Multi-Manager Large Growth ETF during the third quarter worth $210,000. Centric Wealth Management boosted its stake in First Trust Multi-Manager Large Growth ETF by 4.4% during the third quarter. Centric Wealth Management now owns 11,081 shares of the company’s stock worth $328,000 after buying an additional 466 shares in the last quarter. Hobart Private Capital LLC boosted its stake in First Trust Multi-Manager Large Growth ETF by 66.1% during the fourth quarter. Hobart Private Capital LLC now owns 15,028 shares of the company’s stock worth $454,000 after buying an additional 5,981 shares in the last quarter. Harbour Investments Inc. boosted its stake in First Trust Multi-Manager Large Growth ETF by 5.4% during the third quarter. Harbour Investments Inc. now owns 53,832 shares of the company’s stock worth $1,529,000 after buying an additional 2,772 shares in the last quarter. Finally, Total Investment Management Inc. boosted its stake in First Trust Multi-Manager Large Growth ETF by 3.1% during the fourth quarter. Total Investment Management Inc. now owns 59,568 shares of the company’s stock worth $1,800,000 after buying an additional 1,804 shares in the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of NYSEARCA:MMLG opened at $30.49 on Friday. First Trust Multi-Manager Large Growth ETF has a 52 week low of $24.54 and a 52 week high of $33.23. The company’s fifty day moving average is $31.41 and its 200-day moving average is $29.91. The company has a market capitalization of $74.70 million, a PE ratio of 43.00 and a beta of 1.20.

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.