Hobart Private Capital LLC Has $454,000 Position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG)

Hobart Private Capital LLC grew its holdings in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 66.1% during the fourth quarter, Holdings Channel reports. The firm owned 15,028 shares of the company’s stock after acquiring an additional 5,981 shares during the quarter. Hobart Private Capital LLC’s holdings in First Trust Multi-Manager Large Growth ETF were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MMLG. Jane Street Group LLC bought a new stake in First Trust Multi-Manager Large Growth ETF in the third quarter worth approximately $210,000. Centric Wealth Management increased its stake in shares of First Trust Multi-Manager Large Growth ETF by 4.4% in the 3rd quarter. Centric Wealth Management now owns 11,081 shares of the company’s stock valued at $328,000 after acquiring an additional 466 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of First Trust Multi-Manager Large Growth ETF by 15.7% during the 3rd quarter. Gateway Wealth Partners LLC now owns 19,263 shares of the company’s stock valued at $547,000 after acquiring an additional 2,617 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Multi-Manager Large Growth ETF by 95.6% during the second quarter. Cetera Investment Advisers now owns 41,956 shares of the company’s stock worth $1,185,000 after acquiring an additional 20,509 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in First Trust Multi-Manager Large Growth ETF by 5.4% in the third quarter. Harbour Investments Inc. now owns 53,832 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,772 shares during the period.

First Trust Multi-Manager Large Growth ETF Trading Down 0.6 %

MMLG opened at $32.24 on Friday. The company has a fifty day moving average price of $31.24 and a two-hundred day moving average price of $29.31. First Trust Multi-Manager Large Growth ETF has a 1-year low of $24.54 and a 1-year high of $32.53. The company has a market cap of $78.99 million, a P/E ratio of 43.96 and a beta of 1.41.

About First Trust Multi-Manager Large Growth ETF

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.