Total Investment Management Inc. Has $1.64 Million Stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Total Investment Management Inc. trimmed its stake in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,764 shares of the company’s stock after selling 673 shares during the quarter. First Trust Multi-Manager Large Growth ETF comprises approximately 0.2% of Total Investment Management Inc.’s investment portfolio, making the stock its 24th biggest position. Total Investment Management Inc. owned about 2.36% of First Trust Multi-Manager Large Growth ETF worth $1,641,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its holdings in shares of First Trust Multi-Manager Large Growth ETF by 54.4% during the second quarter. SRS Capital Advisors Inc. now owns 90,120 shares of the company’s stock worth $2,546,000 after buying an additional 31,770 shares in the last quarter. Harbour Investments Inc. boosted its holdings in First Trust Multi-Manager Large Growth ETF by 5.4% in the 3rd quarter. Harbour Investments Inc. now owns 53,832 shares of the company’s stock valued at $1,529,000 after purchasing an additional 2,772 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Multi-Manager Large Growth ETF by 95.6% during the 2nd quarter. Cetera Investment Advisers now owns 41,956 shares of the company’s stock worth $1,185,000 after purchasing an additional 20,509 shares in the last quarter. Gateway Wealth Partners LLC raised its position in shares of First Trust Multi-Manager Large Growth ETF by 15.7% in the third quarter. Gateway Wealth Partners LLC now owns 19,263 shares of the company’s stock valued at $547,000 after buying an additional 2,617 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Multi-Manager Large Growth ETF during the second quarter worth approximately $62,000.

First Trust Multi-Manager Large Growth ETF Stock Performance

MMLG opened at $30.13 on Tuesday. The firm has a market cap of $73.82 million, a P/E ratio of 43.96 and a beta of 1.41. The business’s fifty day moving average is $28.45 and its 200-day moving average is $27.76. First Trust Multi-Manager Large Growth ETF has a 52-week low of $21.58 and a 52-week high of $30.13.

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.