Manning & Napier Advisors LLC Increases Position in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Manning & Napier Advisors LLC boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) by 497.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,226 shares of the company’s stock after acquiring an additional 64,304 shares during the period. Manning & Napier Advisors LLC owned about 1.17% of KraneShares Mount Lucas Managed Futures Index Strategy ETF worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Abbington Investment Group lifted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the 4th 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 during the period. Nvwm LLC increased its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the fourth 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. increased its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the third 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. Blueprint Investment Partners LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth about $544,000. Finally, Blueprint Financial Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth about $544,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

Shares of NYSEARCA:KMLM opened at $29.18 on Friday. The firm has a market cap of $280.13 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. The stock’s 50-day moving average price is $28.14 and its two-hundred day moving average price is $27.11. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 12-month low of $25.28 and a 12-month high of $29.96.

About KraneShares Mount Lucas Managed Futures Index Strategy ETF

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.