KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sets New 52-Week High – Still a Buy?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $31.47 and last traded at $31.29, with a volume of 360882 shares trading hands. The stock had previously closed at $31.08.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.0%

The stock has a market cap of $567.13 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. The company has a 50 day simple moving average of $29.99 and a 200 day simple moving average of $29.06.

Institutional Investors Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Latitude Advisors LLC boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% during the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock worth $2,236,000 after buying an additional 529 shares during the period. Fermata Advisors LLC raised its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% during the second quarter. Fermata Advisors LLC now owns 30,837 shares of the company’s stock worth $849,000 after buying an additional 1,495 shares during the last quarter. Andina Capital Management LLC lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% during the 4th quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock valued at $930,000 after acquiring an additional 1,957 shares in the last quarter. Longview Financial Advisors Inc. boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the 1st quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock worth $3,796,000 after acquiring an additional 7,592 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth $235,000.

About KraneShares Mount Lucas Managed Futures Index Strategy ETF

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.