Manning & Napier Advisors LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Free Report) by 107.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,971 shares of the company’s stock after buying an additional 82,745 shares during the quarter. Manning & Napier Advisors LLC owned 1.67% of KraneShares Mount Lucas Managed Futures Index Strategy ETF worth $4,524,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in KMLM. Simplex Trading LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at approximately $148,000. Worth Asset Management LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter valued at approximately $273,000. Signet Private Wealth LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at approximately $258,000. Finally, Signal Advisors Wealth LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at approximately $368,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance
NYSEARCA:KMLM remained flat at $28.10 during trading hours on Friday. The company’s stock had a trading volume of 235,187 shares, compared to its average volume of 218,388. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a one year low of $25.77 and a one year high of $30.17. The stock has a fifty day simple moving average of $28.51 and a 200-day simple moving average of $27.66. The stock has a market cap of $318.94 million, a P/E ratio of 9.85 and a beta of -0.36.
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.
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