Hobart Private Capital LLC Invests $4.49 Million in First Trust Multi-Strategy Alternative ETF $LALT

Hobart Private Capital LLC bought a new position in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 186,939 shares of the company’s stock, valued at approximately $4,492,000. Hobart Private Capital LLC owned 3.82% of First Trust Multi-Strategy Alternative ETF as of its most recent SEC filing.

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

First Trust Multi-Strategy Alternative ETF Trading Down 0.6%

First Trust Multi-Strategy Alternative ETF stock opened at $24.03 on Tuesday. The firm has a 50-day moving average of $24.25 and a 200-day moving average of $24.30. First Trust Multi-Strategy Alternative ETF has a 1-year low of $21.54 and a 1-year high of $25.18.

First Trust Multi-Strategy Alternative ETF Company 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.