Harbour Investments Inc. Sells 4,100 Shares of First Trust Multi-Manager Large Growth ETF $MMLG

Harbour Investments Inc. decreased its position in shares of First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,315 shares of the company’s stock after selling 4,100 shares during the quarter. Harbour Investments Inc. owned about 1.21% of First Trust Multi-Manager Large Growth ETF worth $919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its stake in First Trust Multi-Manager Large Growth ETF by 0.4% during the 1st quarter. LPL Financial LLC now owns 552,829 shares of the company’s stock worth $15,098,000 after acquiring an additional 2,044 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in First Trust Multi-Manager Large Growth ETF by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,145 shares of the company’s stock worth $632,000 after buying an additional 2,152 shares during the period. Centric Wealth Management raised its holdings in First Trust Multi-Manager Large Growth ETF by 17.1% during the 1st quarter. Centric Wealth Management now owns 17,551 shares of the company’s stock worth $479,000 after buying an additional 2,559 shares during the period. Kestra Private Wealth Services LLC raised its holdings in First Trust Multi-Manager Large Growth ETF by 14.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 25,399 shares of the company’s stock worth $694,000 after buying an additional 3,276 shares during the period. Finally, Cetera Investment Advisers raised its holdings in First Trust Multi-Manager Large Growth ETF by 5.1% during the 1st quarter. Cetera Investment Advisers now owns 100,447 shares of the company’s stock worth $2,743,000 after buying an additional 4,846 shares during the period.

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of MMLG stock opened at $35.75 on Friday. The company has a market capitalization of $91.16 million, a P/E ratio of 43.22 and a beta of 1.16. The company’s 50 day moving average price is $35.55 and its two-hundred day moving average price is $32.60. First Trust Multi-Manager Large Growth ETF has a 52 week low of $22.92 and a 52 week high of $36.83.

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.