Iams Wealth Management LLC Makes New Investment in First Trust Multi-Strategy Alternative ETF $LALT

Iams Wealth Management LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 51,274 shares of the company’s stock, valued at approximately $1,267,000. Iams Wealth Management LLC owned 0.30% of First Trust Multi-Strategy Alternative ETF at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LALT. Cassaday & Co Wealth Management LLC bought a new position in shares of First Trust Multi-Strategy Alternative ETF during the first quarter valued at $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 bought a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth about $230,000. Valeo Financial Advisors LLC bought a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth about $265,000. Finally, HBW Advisory Services LLC bought a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 3rd quarter worth about $287,000.

First Trust Multi-Strategy Alternative ETF Trading Down 0.2%

Shares of First Trust Multi-Strategy Alternative ETF stock opened at $24.89 on Friday. The company has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $24.49. 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.