IFP Advisors Inc bought a new stake in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 87,134 shares of the company’s stock, valued at approximately $2,094,000. IFP Advisors Inc owned 0.71% of First Trust Multi-Strategy Alternative ETF at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in LALT. Cassaday & Co Wealth Management LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 1st quarter worth about $150,000. Kestra Advisory Services LLC grew its stake in First Trust Multi-Strategy Alternative ETF by 186.0% in the first quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $206,000 after purchasing an additional 5,499 shares in the last quarter. TrueWealth Advisors LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the second quarter worth approximately $230,000. Valeo Financial Advisors LLC purchased a new position in First Trust Multi-Strategy Alternative ETF during the 2nd quarter worth $265,000. Finally, Tucker Asset Management LLC purchased a new position in First Trust Multi-Strategy Alternative ETF during the 2nd quarter worth $358,000.
First Trust Multi-Strategy Alternative ETF Stock Performance
LALT stock opened at $24.75 on Friday. The business has a 50-day moving average price of $24.29 and a 200 day moving average price of $24.44. First Trust Multi-Strategy Alternative ETF has a 1-year low of $22.36 and a 1-year high of $25.18.
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.
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