MGO One Seven LLC Acquires 65,475 Shares of First Trust Multi-Strategy Alternative ETF $LALT

MGO One Seven LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) during the third quarter, HoldingsChannel reports. The firm acquired 65,475 shares of the company’s stock, valued at approximately $1,618,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Multi-Strategy Alternative ETF by 1,715.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,046,864 shares of the company’s stock valued at $49,186,000 after buying an additional 1,934,119 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Multi-Strategy Alternative ETF by 57.0% during the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after buying an additional 111,900 shares during the last quarter. Hobart Private Capital LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the second quarter worth about $4,492,000. New England Private Wealth Advisors LLC grew its holdings in shares of First Trust Multi-Strategy Alternative ETF by 46.0% during the third quarter. New England Private Wealth Advisors LLC now owns 179,948 shares of the company’s stock worth $4,447,000 after buying an additional 56,694 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in First Trust Multi-Strategy Alternative ETF by 15.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 136,338 shares of the company’s stock valued at $3,369,000 after acquiring an additional 18,288 shares during the period.

First Trust Multi-Strategy Alternative ETF Stock Down 0.4%

LALT opened at $24.49 on Thursday. The business has a 50 day moving average price of $24.75 and a two-hundred day moving average price of $24.43. First Trust Multi-Strategy Alternative ETF has a 52 week low of $22.56 and a 52 week high of $25.18.

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.