KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM Shares Sold by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC reduced its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) by 41.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,261 shares of the company’s stock after selling 26,072 shares during the period. Magnolia Private Wealth LLC owned 0.55% of KraneShares Mount Lucas Managed Futures Index Strategy ETF worth $941,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KMLM. Manning & Napier Advisors LLC lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 497.6% in the fourth quarter. Manning & Napier Advisors LLC now owns 77,226 shares of the company’s stock valued at $2,006,000 after acquiring an additional 64,304 shares in the last quarter. Abbington Investment Group increased its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the fourth quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock worth $4,943,000 after purchasing an additional 39,582 shares in the last quarter. Nvwm LLC raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the 4th quarter. Nvwm LLC now owns 58,951 shares of the company’s stock valued at $1,530,000 after purchasing an additional 35,008 shares during the last quarter. Raymond James Financial Inc. raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after purchasing an additional 25,414 shares during the last quarter. Finally, Blueprint Investment Partners LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at $544,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 0.8%

Shares of KMLM opened at $29.19 on Friday. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52-week low of $25.28 and a 52-week high of $30.17. The stock has a market cap of $280.22 million, a PE ratio of 9.85 and a beta of -0.36. The firm’s fifty day moving average is $28.63 and its two-hundred day moving average is $27.30.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Company Profile

The KFA Mount Lucas Index Strategy ETF (KMLM) is an exchange-traded fund that is based on the KFA MLM index. The fund aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.