Kirkwood Financial Services Makes New $13.31 Million Investment in First Trust Multi-Manager Large Growth ETF $MMLG

Kirkwood Financial Services acquired a new stake in First Trust Multi-Manager Large Growth ETF (NYSEARCA:MMLG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 364,178 shares of the company’s stock, valued at approximately $13,311,000. First Trust Multi-Manager Large Growth ETF makes up 3.8% of Kirkwood Financial Services’ holdings, making the stock its 8th biggest holding. Kirkwood Financial Services owned 14.57% of First Trust Multi-Manager Large Growth ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. RFG Advisory LLC purchased a new position in shares of First Trust Multi-Manager Large Growth ETF during the 1st quarter valued at approximately $223,000. Equitable Holdings Inc. increased its holdings in First Trust Multi-Manager Large Growth ETF by 61.2% in the 3rd quarter. Equitable Holdings Inc. now owns 17,049 shares of the company’s stock worth $618,000 after acquiring an additional 6,471 shares in the last quarter. Goldman Sachs Group Inc. raised its position in 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 acquiring an additional 2,152 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust Multi-Manager Large Growth ETF during the second quarter worth $721,000. Finally, Two Sigma Investments LP lifted its holdings in First Trust Multi-Manager Large Growth ETF by 17.2% during the third quarter. Two Sigma Investments LP now owns 24,500 shares of the company’s stock valued at $888,000 after purchasing an additional 3,600 shares in the last quarter.

First Trust Multi-Manager Large Growth ETF Stock Up 0.0%

MMLG opened at $37.21 on Monday. The firm’s fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $35.24. First Trust Multi-Manager Large Growth ETF has a 52-week low of $30.07 and a 52-week high of $38.02. The company has a market cap of $93.03 million, a price-to-earnings ratio of 43.22 and a beta of 1.39.

First Trust Multi-Manager Large Growth ETF 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.