Abbington Investment Group Has $4.94 Million Position in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Abbington Investment Group boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,466 shares of the company’s stock after buying an additional 39,582 shares during the period. KraneShares Mount Lucas Managed Futures Index Strategy ETF makes up approximately 3.4% of Abbington Investment Group’s portfolio, making the stock its 11th biggest position. Abbington Investment Group owned approximately 2.89% of KraneShares Mount Lucas Managed Futures Index Strategy ETF worth $4,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMLM. Sound Financial Strategies Group LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $1,696,000. Nvwm LLC increased its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the 4th quarter. Nvwm LLC now owns 58,951 shares of the company’s stock valued at $1,530,000 after buying an additional 35,008 shares in the last quarter. Tactive Advisors LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $815,000. Raymond James Financial Inc. increased its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after buying an additional 25,414 shares in the last quarter. Finally, Blueprint Financial Advisors LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $544,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.7%

KMLM opened at $28.20 on Wednesday. The company’s fifty day moving average price is $27.46 and its two-hundred day moving average price is $26.90. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.28 and a 1-year high of $28.73. The company has a market cap of $284.82 million, a price-to-earnings ratio of 9.85 and a beta of -0.39.

KraneShares 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. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.