Royal Bank of Canada lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Free Report) by 119.8% during the first quarter, Holdings Channel.com reports. The firm owned 38,579 shares of the company’s stock after buying an additional 21,025 shares during the quarter. Royal Bank of Canada’s holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in KMLM. Simplex Trading LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter valued at $26,000. Advisory Services Network LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth $148,000. Signet Private Wealth LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter worth $258,000. Worth Asset Management LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at about $273,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at about $368,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance
KMLM stock opened at $29.35 on Friday. The company’s 50-day simple moving average is $28.52 and its 200 day simple moving average is $28.25. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.77 and a 52 week high of $30.17. The company has a market capitalization of $421.17 million, a PE ratio of 9.85 and a beta of -0.36.
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.
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Want to see what other hedge funds are holding KMLM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Free Report).
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