First Trust Multi-Strategy Alternative ETF $LALT Stock: New England Private Wealth Advisors LLC Raises Position

New England Private Wealth Advisors LLC raised its holdings in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,948 shares of the company’s stock after buying an additional 56,694 shares during the quarter. New England Private Wealth Advisors LLC owned about 1.05% of First Trust Multi-Strategy Alternative ETF worth $4,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LALT. Cassaday & Co Wealth Management LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 1st quarter valued at about $150,000. Kestra Advisory Services LLC boosted its position in shares of First Trust Multi-Strategy Alternative ETF by 186.0% during 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 last quarter. TrueWealth Advisors LLC bought a new stake in shares of First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at about $230,000. Valeo Financial Advisors LLC bought a new stake in shares of First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at about $265,000. Finally, HBW Advisory Services LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the third quarter worth about $287,000.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of NYSEARCA LALT opened at $24.90 on Tuesday. The business has a 50-day moving average of $24.65 and a 200-day moving average of $24.50. First Trust Multi-Strategy Alternative ETF has a 12 month low of $22.56 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.