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

Centric Wealth Management acquired a new position in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,205 shares of the company’s stock, valued at approximately $237,000. Centric Wealth Management owned about 0.48% of First Trust Multi-Manager Large Growth ETF as of its most recent SEC filing.

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

First Trust Multi-Manager Large Growth ETF Stock Performance

Shares of NYSEARCA:MMLG traded down $0.13 during midday trading on Tuesday, reaching $26.79. 2,269 shares of the company’s stock traded hands, compared to its average volume of 13,035. The company has a market cap of $66.98 million, a P/E ratio of 43.04 and a beta of 1.37. The company has a fifty day simple moving average of $26.95 and a two-hundred day simple moving average of $24.72. First Trust Multi-Manager Large Growth ETF has a 1 year low of $19.10 and a 1 year high of $27.90.

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.