Magnolia Private Wealth LLC lessened its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Free Report) by 41.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,261 shares of the company’s stock after selling 26,072 shares during the period. Magnolia Private Wealth LLC’s holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth about $105,000. Advisory Services Network LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at about $148,000. Wealthcare Capital Management LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth about $209,000. WFA of San Diego LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth about $415,000. Finally, Blueprint Investment Partners LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter valued at about $544,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance
KraneShares Mount Lucas Managed Futures Index Strategy ETF stock opened at $29.19 on Friday. The company’s 50 day simple moving average is $28.63 and its 200-day simple moving average is $27.30. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1 year low of $25.28 and a 1 year high of $30.17. The company has a market capitalization of $280.22 million, a price-to-earnings ratio of 9.85 and a beta of -0.36.
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.
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