Iams Wealth Management LLC Acquires New Stake in First Trust Multi-Strategy Alternative ETF $LALT

Iams Wealth Management LLC acquired a new position in shares of First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 51,274 shares of the company’s stock, valued at approximately $1,267,000.

A number of other hedge funds have also recently bought and sold shares of LALT. Cassaday & Co Wealth Management LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 1st quarter valued at $150,000. Kestra Advisory Services LLC raised its position in shares of First Trust Multi-Strategy Alternative ETF by 186.0% during the first quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $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 second quarter worth $230,000. Valeo Financial Advisors LLC acquired a new position in shares of First Trust Multi-Strategy Alternative ETF during the second quarter valued at $265,000. Finally, HBW Advisory Services LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the third quarter valued at about $287,000.

First Trust Multi-Strategy Alternative ETF Trading Down 0.2%

First Trust Multi-Strategy Alternative ETF stock opened at $24.89 on Friday. The business’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $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.