First Trust Multi-Strategy Alternative ETF $LALT Stock Holdings Lifted by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC raised its holdings in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) by 46.0% during the third quarter, Holdings Channel reports. The fund owned 179,948 shares of the company’s stock after buying an additional 56,694 shares during the period. New England Private Wealth Advisors LLC’s holdings in First Trust Multi-Strategy Alternative ETF were worth $4,447,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 1st quarter worth approximately $150,000. Kestra Advisory Services LLC boosted its stake in shares of First Trust Multi-Strategy Alternative ETF by 186.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after purchasing an additional 5,499 shares in the last quarter. TrueWealth Advisors LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $230,000. Valeo Financial Advisors LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $265,000. Finally, HBW Advisory Services LLC bought a new position in shares of First Trust Multi-Strategy Alternative ETF during the 3rd quarter valued at $287,000.

First Trust Multi-Strategy Alternative ETF Stock Up 0.0%

LALT stock opened at $24.90 on Tuesday. The firm’s fifty day moving average is $24.65 and its 200 day moving average is $24.50. 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.