346,619 Shares of First Trust Multi-Strategy Alternative ETF $LALT Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 346,619 shares of the company’s stock, valued at approximately $8,565,000.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its position in First Trust Multi-Strategy Alternative ETF by 1.0% during the third quarter. IFP Advisors Inc now owns 88,042 shares of the company’s stock valued at $2,176,000 after acquiring an additional 908 shares in the last quarter. Kestra Advisory Services LLC raised 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 acquiring an additional 5,499 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the first quarter valued at $150,000. Sowell Financial Services LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 3rd quarter valued at $210,000. Finally, TrueWealth Advisors LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $230,000.

First Trust Multi-Strategy Alternative ETF Stock Down 0.5%

NYSEARCA LALT opened at $24.34 on Friday. The stock has a 50-day moving average of $24.74 and a two-hundred day moving average of $24.46. First Trust Multi-Strategy Alternative ETF has a 1-year low of $22.56 and a 1-year high of $25.18.

About First Trust Multi-Strategy Alternative ETF

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.