92,331 Shares in First Trust Multi-Manager Large Growth ETF $MMLG Purchased by Arax Advisory Partners

Arax Advisory Partners bought a new position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,331 shares of the company’s stock, valued at approximately $3,271,000.

A number of other large investors have also added to or reduced their stakes in MMLG. Equitable Holdings Inc. raised its holdings in First Trust Multi-Manager Large Growth ETF by 61.2% in the third quarter. Equitable Holdings Inc. now owns 17,049 shares of the company’s stock worth $618,000 after purchasing an additional 6,471 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of First Trust Multi-Manager Large Growth ETF by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 23,145 shares of the company’s stock worth $632,000 after acquiring an additional 2,152 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Multi-Manager Large Growth ETF during the second quarter worth about $721,000. Two Sigma Investments LP grew its stake in shares of First Trust Multi-Manager Large Growth ETF by 17.2% during the third quarter. Two Sigma Investments LP now owns 24,500 shares of the company’s stock worth $888,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of First Trust Multi-Manager Large Growth ETF by 3.7% during the fourth quarter. Harbour Investments Inc. now owns 27,656 shares of the company’s stock worth $980,000 after acquiring an additional 997 shares during the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of MMLG stock opened at $36.10 on Monday. The stock’s 50-day simple moving average is $35.36 and its 200-day simple moving average is $34.57. The firm has a market capitalization of $90.26 million, a price-to-earnings ratio of 43.22 and a beta of 1.39. First Trust Multi-Manager Large Growth ETF has a fifty-two week low of $30.07 and a fifty-two week high of $38.02.

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.