Tactive Advisors LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,151 shares of the company’s stock, valued at approximately $1,000,000. Tactive Advisors LLC owned about 0.18% of KraneShares Mount Lucas Managed Futures Index Strategy ETF as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% in the second quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock valued at $7,435,000 after buying an additional 106,093 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Longview Financial Advisors Inc. lifted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the first quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock worth $3,796,000 after purchasing an additional 7,592 shares during the period. Latitude Advisors LLC grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% in the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock valued at $2,236,000 after buying an additional 529 shares during the last quarter. Finally, Royal Bank of Canada grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% in the 1st quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock valued at $1,088,000 after buying an additional 21,025 shares during the last quarter.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance
KMLM traded down $0.12 during trading on Thursday, hitting $31.30. The stock had a trading volume of 256,882 shares, compared to its average volume of 267,309. The firm has a market capitalization of $565.04 million, a P/E ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $31.74. The company’s 50-day moving average price is $29.99 and its 200 day moving average price is $29.06.
KraneShares Mount Lucas Managed Futures Index Strategy ETF 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.
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