116,493 Shares of First Trust Multi-Strategy Alternative ETF $LALT Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,493 shares of the company’s stock, valued at approximately $2,879,000. Park Avenue Securities LLC owned 0.68% of First Trust Multi-Strategy Alternative ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LALT. Apollon Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the 3rd quarter worth approximately $883,000. Sigma Planning Corp purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the 3rd quarter worth approximately $384,000. Sowell Financial Services LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the 3rd quarter worth approximately $210,000. Arwa LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 3rd quarter valued at approximately $1,603,000. Finally, New England Private Wealth Advisors LLC lifted its holdings in shares of First Trust Multi-Strategy Alternative ETF by 46.0% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 179,948 shares of the company’s stock valued at $4,447,000 after buying an additional 56,694 shares during the period.

First Trust Multi-Strategy Alternative ETF Price Performance

LALT 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 business has a 50 day simple moving average of $24.74 and a 200-day simple moving average of $24.41.

First Trust Multi-Strategy Alternative ETF Company 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.