First Trust Multi-Strategy Alternative ETF (LALT) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $21.13 to $21.19
• 50-Day Range: $20.81 to $21.19
• 52-Week Range: $19.66 to $22.98
• Volume: 1,914 shs
• Average Volume: 3,427 shs
• Market Capitalization: $8.47 million
• Assets Under Management: $11.60 million
• Dividend Yield: 2.36%
• Net Expense Ratio: 1.94%
• Aggregate Rating: N/A

LALT ETF - Frequently Asked Questions

How have LALT shares performed this year?

First Trust Multi-Strategy Alternative ETF's stock was trading at $19.70 at the start of the year. Since then, LALT stock has increased by 7.5% and is now trading at $21.1866.
View the best growth stocks for 2024 here.

How do I buy shares of First Trust Multi-Strategy Alternative ETF?

Shares of LALT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Fund Details

• Issuer: First Trust
• Fund Name: First Trust Multi-Strategy Alternative ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:LALT
• Inception Date: 1/31/2023
• Fund Manager: John Gambla, Rob Guttschow, Daniel Lindquist, David McGarel, Chris Petersen
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Multi Asset
• Benchmark: N/A
• Category: Absolute Returns
• Focus: Global Macro
• Development Level: Blended Development
• Region: Global
• Number of Holdings: 8

Fund Statistics

• Assets Under Management: $11.60 million
• Average Daily Volume: $0.00
• Discount/Premium: -0.01%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: First Trust Advisors L.P.
• Custodian: The Bank of New York Mellon Corporation
• Distributor: First Trust Portfolios L.P.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Citadel

Options

• Optionable: N/A
• Short Interest: 14,700 shs

Miscellaneous

• Outstanding Shares: 400,002
• Beta: 0.15
• Creation Unit: 50,000