Park Avenue Securities LLC Makes New $2.88 Million Investment in First Trust Multi-Strategy Alternative ETF $LALT

Park Avenue Securities LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) in the third quarter, Holdings Channel.com reports. The fund purchased 116,493 shares of the company’s stock, valued at approximately $2,879,000.

A number of other large investors have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the first quarter valued at about $150,000. Kestra Advisory Services LLC grew its position in First Trust Multi-Strategy Alternative ETF by 186.0% during the first 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. Sowell Financial Services LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the third quarter worth about $210,000. TrueWealth Advisors LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the second quarter worth about $230,000. Finally, Valeo Financial Advisors LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the second quarter worth about $265,000.

First Trust Multi-Strategy Alternative ETF Stock Down 0.3%

Shares of First Trust Multi-Strategy Alternative ETF stock opened at $24.78 on Friday. First Trust Multi-Strategy Alternative ETF has a 12-month low of $22.56 and a 12-month high of $25.18. The company has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.41.

First Trust Multi-Strategy Alternative ETF Profile

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.