Abbington Investment Group Takes $4.06 Million Position in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Abbington Investment Group purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 150,884 shares of the company’s stock, valued at approximately $4,063,000. KraneShares Mount Lucas Managed Futures Index Strategy ETF makes up approximately 3.5% of Abbington Investment Group’s portfolio, making the stock its 8th largest position. Abbington Investment Group owned approximately 2.22% of KraneShares Mount Lucas Managed Futures Index Strategy ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMLM. Nvwm LLC grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 2.7% during the third quarter. Nvwm LLC now owns 23,943 shares of the company’s stock worth $645,000 after buying an additional 636 shares in the last quarter. Fifth Third Bancorp grew its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 60.3% in the second quarter. Fifth Third Bancorp now owns 2,040 shares of the company’s stock worth $54,000 after purchasing an additional 767 shares in the last quarter. Bank of Montreal Can increased its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.8% in the second quarter. Bank of Montreal Can now owns 54,971 shares of the company’s stock valued at $1,450,000 after buying an additional 986 shares during the last quarter. Osaic Holdings Inc. raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.5% during the second quarter. Osaic Holdings Inc. now owns 82,398 shares of the company’s stock valued at $2,173,000 after buying an additional 1,213 shares in the last quarter. Finally, Wealthcare Capital Partners LLC lifted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.7% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 34,112 shares of the company’s stock worth $900,000 after buying an additional 1,854 shares during the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.4%

Shares of NYSEARCA KMLM opened at $26.21 on Friday. The company has a market capitalization of $172.99 million, a price-to-earnings ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.28 and a twelve month high of $28.58. The business has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $26.65.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a $1.3035 dividend. This represents a dividend yield of 502.0%. The ex-dividend date was Monday, December 22nd.

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.