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

MGO One Seven LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 65,475 shares of the company’s stock, valued at approximately $1,618,000. MGO One Seven LLC owned about 0.37% of First Trust Multi-Strategy Alternative ETF at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LALT. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Multi-Strategy Alternative ETF by 1,715.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,046,864 shares of the company’s stock worth $49,186,000 after purchasing an additional 1,934,119 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Multi-Strategy Alternative ETF by 57.0% in the 1st quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after purchasing an additional 111,900 shares during the last quarter. Hobart Private Capital LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $4,492,000. New England Private Wealth Advisors LLC boosted its position 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 purchasing an additional 56,694 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in First Trust Multi-Strategy Alternative ETF by 15.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 136,338 shares of the company’s stock worth $3,369,000 after buying an additional 18,288 shares during the last quarter.

First Trust Multi-Strategy Alternative ETF Stock Performance

NYSEARCA:LALT opened at $24.49 on Thursday. First Trust Multi-Strategy Alternative ETF has a 52-week low of $22.56 and a 52-week high of $25.18. The stock’s 50 day moving average price is $24.75 and its 200 day moving average price is $24.43.

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.