Hobart Private Capital LLC Buys New Position in First Trust Multi-Strategy Alternative ETF $LALT

Hobart Private Capital LLC purchased a new position in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 186,939 shares of the company’s stock, valued at approximately $4,492,000.

Several other large investors have also added to or reduced their stakes in LALT. Royal Bank of Canada boosted its holdings in First Trust Multi-Strategy Alternative ETF by 57.0% in the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after acquiring an additional 111,900 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Multi-Strategy Alternative ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock worth $2,078,000 after purchasing an additional 9,928 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 1st quarter worth $150,000. Finally, Kestra Advisory Services LLC lifted its position 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 worth $206,000 after purchasing an additional 5,499 shares during the period.

First Trust Multi-Strategy Alternative ETF Stock Down 0.6%

Shares of LALT opened at $24.03 on Tuesday. The firm’s 50-day moving average price is $24.25 and its 200-day moving average price is $24.30. First Trust Multi-Strategy Alternative ETF has a 1-year low of $21.54 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.