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) shares hit a new 52-week high during trading on Thursday . The company traded as high as $31.24 and last traded at $31.2680, with a volume of 156658 shares changing hands. The stock had previously closed at $31.07.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

The stock has a fifty day simple moving average of $29.64 and a two-hundred day simple moving average of $28.83. The stock has a market capitalization of $546.92 million, a price-to-earnings ratio of 9.85 and a beta of -0.36.

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

Several large investors have recently added to or reduced their stakes in KMLM. Envestnet Asset Management Inc. boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock worth $7,435,000 after buying an additional 106,093 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter valued at $235,000. Ameritas Advisory Services LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth $745,000. Compass Financial Management LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter worth $277,000. Finally, Invested Advisors acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter worth $356,000.

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.