KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Shares Down 0.4%

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price dropped 0.4% during trading on Monday . The company traded as low as $29.41 and last traded at $29.55. Approximately 367,981 shares traded hands during trading, an increase of 229% from the average daily volume of 111,831 shares. The stock had previously closed at $29.67.

KFA Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.4 %

The company has a market capitalization of $268.91 million, a PE ratio of 11.56 and a beta of -0.14. The business has a fifty day moving average of $30.12 and a 200 day moving average of $29.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nvwm LLC lifted its holdings in KFA Mount Lucas Managed Futures Index Strategy ETF by 79.8% during the 3rd quarter. Nvwm LLC now owns 3,712 shares of the company’s stock worth $121,000 after buying an additional 1,647 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 339.6% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 8,792 shares of the company’s stock worth $286,000 after acquiring an additional 6,792 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its position in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 0.5% during the third quarter. First Heartland Consultants Inc. now owns 365,933 shares of the company’s stock worth $11,918,000 after acquiring an additional 1,927 shares during the period.

KFA 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.