Gateway Wealth Partners LLC Purchases 21,698 Shares of First Trust Multi-Manager Large Growth ETF $MMLG

Gateway Wealth Partners LLC increased its position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) by 100.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,234 shares of the company’s stock after purchasing an additional 21,698 shares during the quarter. Gateway Wealth Partners LLC owned approximately 1.73% of First Trust Multi-Manager Large Growth ETF worth $1,355,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MMLG. Hobart Private Capital LLC raised its stake in shares of First Trust Multi-Manager Large Growth ETF by 110.7% during the fourth quarter. Hobart Private Capital LLC now owns 27,798 shares of the company’s stock worth $985,000 after buying an additional 14,606 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of First Trust Multi-Manager Large Growth ETF by 56.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 42,876 shares of the company’s stock valued at $1,519,000 after acquiring an additional 15,391 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in shares of First Trust Multi-Manager Large Growth ETF in the 4th quarter valued at $1,492,000. Arax Advisory Partners bought a new position in shares of First Trust Multi-Manager Large Growth ETF in the 4th quarter worth $3,271,000. Finally, 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 purchasing an additional 2,152 shares during the period.

First Trust Multi-Manager Large Growth ETF Trading Up 0.2%

NYSEARCA MMLG opened at $35.57 on Wednesday. First Trust Multi-Manager Large Growth ETF has a 12 month low of $30.07 and a 12 month high of $38.02. The stock has a 50-day simple moving average of $36.38 and a 200 day simple moving average of $34.71. The company has a market capitalization of $88.92 million, a PE ratio of 43.22 and a beta of 1.39.

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.