IFP Advisors Inc bought a new position in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 87,134 shares of the company’s stock, valued at approximately $2,094,000.
Other large investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF during the first quarter worth $150,000. Kestra Advisory Services LLC increased its position in shares of First Trust Multi-Strategy Alternative ETF by 186.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after acquiring an additional 5,499 shares during the period. TrueWealth Advisors LLC purchased a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth $230,000. Valeo Financial Advisors LLC purchased a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth $265,000. Finally, Tucker Asset Management LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF during the 2nd quarter worth about $358,000.
First Trust Multi-Strategy Alternative ETF Trading Down 0.1%
First Trust Multi-Strategy Alternative ETF stock opened at $24.75 on Friday. The business’s 50-day simple moving average is $24.29 and its two-hundred day simple moving average is $24.44. First Trust Multi-Strategy Alternative ETF has a fifty-two week low of $22.36 and a fifty-two week high of $25.18.
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.
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