Royal Bank of Canada Purchases 111,900 Shares of First Trust Multi-Strategy Alternative ETF $LALT

Royal Bank of Canada increased its position in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) by 57.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,314 shares of the company’s stock after purchasing an additional 111,900 shares during the quarter. Royal Bank of Canada owned approximately 12.58% of First Trust Multi-Strategy Alternative ETF worth $7,494,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in First Trust Multi-Strategy Alternative ETF by 13.1% in the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after buying an additional 9,928 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of 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 acquiring an additional 5,499 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the 1st quarter valued at about $150,000.

First Trust Multi-Strategy Alternative ETF Stock Performance

NYSEARCA:LALT opened at $24.32 on Tuesday. The stock’s fifty day simple moving average is $24.20 and its 200-day simple moving average is $24.33. First Trust Multi-Strategy Alternative ETF has a 12-month low of $21.69 and a 12-month 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.