KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Shares Up 1.1% – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price rose 1.1% on Monday . The stock traded as high as $29.47 and last traded at $29.45. Approximately 247,538 shares traded hands during trading, an increase of 1% from the average daily volume of 244,325 shares. The stock had previously closed at $29.14.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

The stock has a market cap of $422.61 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. The stock has a fifty day moving average of $28.44 and a 200 day moving average of $28.18.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. lifted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% during the second quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock valued at $4,957,000 after purchasing an additional 19,272 shares during the period. WFA of San Diego LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter valued at about $415,000. Advisory Services Network LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $148,000. Longview Financial Advisors Inc. lifted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 3.4% in the 4th quarter. Longview Financial Advisors Inc. now owns 127,021 shares of the company’s stock valued at $3,296,000 after buying an additional 4,163 shares during the period. Finally, Sound Financial Strategies Group LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.0% in the fourth quarter. Sound Financial Strategies Group LLC now owns 79,362 shares of the company’s stock worth $2,059,000 after buying an additional 16,371 shares during the last quarter.

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.