Royal Bank of Canada Purchases 111,900 Shares of First Trust Multi-Strategy Alternative ETF $LALT

Royal Bank of Canada grew its position in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) by 57.0% during the 1st quarter, HoldingsChannel reports. The firm owned 308,314 shares of the company’s stock after purchasing an additional 111,900 shares during the quarter. Royal Bank of Canada owned about 0.13% of First Trust Multi-Strategy Alternative ETF worth $7,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LALT. Cetera Investment Advisers grew its holdings in shares of First Trust Multi-Strategy Alternative ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after buying an additional 9,928 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF during the 1st quarter worth $150,000. Finally, Kestra Advisory Services LLC raised its stake in First Trust Multi-Strategy Alternative ETF by 186.0% during the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $206,000 after buying an additional 5,499 shares during the period.

First Trust Multi-Strategy Alternative ETF Trading Up 0.7%

LALT stock opened at $24.32 on Tuesday. First Trust Multi-Strategy Alternative ETF has a 1-year low of $21.69 and a 1-year high of $25.18. The business’s 50-day moving average price is $24.20 and its two-hundred day moving average price is $24.33.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.