KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading 0.5% Higher – Here’s Why

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) rose 0.5% during mid-day trading on Tuesday . The company traded as high as $27.55 and last traded at $27.53. Approximately 30,212 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 133,401 shares. The stock had previously closed at $27.39.

KFA Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.5 %

The firm has a market capitalization of $250.52 million, a price-to-earnings ratio of 11.56 and a beta of -0.14. The company’s 50 day moving average price is $28.00 and its 200 day moving average price is $28.62.

Institutional Trading of KFA Mount Lucas Managed Futures Index Strategy ETF

Several large investors have recently added to or reduced their stakes in KMLM. Farther Finance Advisors LLC purchased a new stake in shares of KFA Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth about $58,000. Strategic Blueprint LLC purchased a new stake in KFA Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth approximately $212,000. Nvwm LLC grew its stake in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 5.9% during the 3rd quarter. Nvwm LLC now owns 19,060 shares of the company’s stock worth $557,000 after purchasing an additional 1,058 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 6.3% during the 3rd quarter. Captrust Financial Advisors now owns 127,752 shares of the company’s stock valued at $3,734,000 after purchasing an additional 7,610 shares in the last quarter.

KFA 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.