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Cetera Investment Advisers increased its holdings in shares of First Trust Multi-Manager Small Cap Opportunities ETF (NYSEARCA:MMSC) by 96.5% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,888 shares of the company's stock after acquiring an additional 70,651
First Trust Multi-Manager Small Cap Opportunities ETF is an active ETF in the “Small Growth” category. MMSC is well diversified and has excellent fundamental growth metrics. Given high fees, thin trading, and lackluster returns, I find MMSC uncompelling versus other small-cap growth ETFs.
Though small-cap stocks underperformed the mega-cap stocks this year, things could turn in favor of the pint-sized stocks now.
On Thursday, First Trust Advisors L.P., a leading ETF provider and asset manager, announced the launch of a new actively managed ETF, the First Trust Multi-Manager Small Cap Opportunities ETF (NYSE Arca: MMSC).