Centric Wealth Management Purchases New Shares in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Centric Wealth Management purchased a new position in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 9,205 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in shares of First Trust Multi-Manager Large Growth ETF during the 4th quarter valued at approximately $128,000. Provence Wealth Management Group acquired a new stake in First Trust Multi-Manager Large Growth ETF in the third quarter valued at $128,000. Private Advisor Group LLC bought a new position in First Trust Multi-Manager Large Growth ETF during the 3rd quarter valued at $361,000. Kestra Private Wealth Services LLC acquired a new position in First Trust Multi-Manager Large Growth ETF during the 3rd quarter worth $499,000. Finally, Tower Research Capital LLC TRC increased its position in shares of First Trust Multi-Manager Large Growth ETF by 16.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 42,964 shares of the company’s stock worth $875,000 after purchasing an additional 6,011 shares during the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of First Trust Multi-Manager Large Growth ETF stock traded down $0.13 during trading on Tuesday, reaching $26.79. The company had a trading volume of 2,269 shares, compared to its average volume of 13,035. First Trust Multi-Manager Large Growth ETF has a fifty-two week low of $19.10 and a fifty-two week high of $27.90. The firm’s fifty day moving average is $26.95 and its 200-day moving average is $24.72. The company has a market cap of $66.98 million, a price-to-earnings ratio of 43.04 and a beta of 1.37.

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.