Sound Financial Strategies Group LLC Invests $1.70 Million in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Sound Financial Strategies Group LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) during the third quarter, HoldingsChannel reports. The firm acquired 62,991 shares of the company’s stock, valued at approximately $1,696,000. KraneShares Mount Lucas Managed Futures Index Strategy ETF comprises 1.2% of Sound Financial Strategies Group LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors have also added to or reduced their stakes in KMLM. Nvwm LLC increased its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 2.7% during the 3rd quarter. Nvwm LLC now owns 23,943 shares of the company’s stock worth $645,000 after purchasing an additional 636 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 60.3% during the second quarter. Fifth Third Bancorp now owns 2,040 shares of the company’s stock worth $54,000 after buying an additional 767 shares during the period. Bank of Montreal Can boosted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.8% during the second quarter. Bank of Montreal Can now owns 54,971 shares of the company’s stock worth $1,450,000 after buying an additional 986 shares during the period. Osaic Holdings Inc. grew its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.5% during the second quarter. Osaic Holdings Inc. now owns 82,398 shares of the company’s stock worth $2,173,000 after buying an additional 1,213 shares in the last quarter. Finally, Wealthcare Capital Partners LLC raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.7% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 34,112 shares of the company’s stock valued at $900,000 after buying an additional 1,854 shares during the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

NYSEARCA KMLM opened at $26.21 on Friday. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.28 and a 52 week high of $28.58. The stock’s 50 day moving average price is $26.49 and its two-hundred day moving average price is $26.65. The stock has a market capitalization of $172.99 million, a price-to-earnings ratio of 9.85 and a beta of -0.37.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a $1.3035 dividend. This represents a dividend yield of 502.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.