KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Stock Price Down 0.3% – What’s Next?

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as $26.36 and last traded at $26.42. Approximately 43,124 shares changed hands during trading, a decline of 67% from the average daily volume of 130,294 shares. The stock had previously closed at $26.51.

KFA Mount Lucas Managed Futures Index Strategy ETF Stock Performance

The company has a market cap of $214.00 million, a P/E ratio of 10.13 and a beta of -0.34. The business has a fifty day simple moving average of $27.11 and a 200 day simple moving average of $27.70.

Institutional Trading of KFA Mount Lucas Managed Futures Index Strategy ETF

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 50.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the company’s stock worth $84,000 after purchasing an additional 1,000 shares during the period. Strategic Blueprint LLC bought a new position in KFA Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter worth $212,000. Nvwm LLC grew its stake in KFA Mount Lucas Managed Futures Index Strategy ETF by 8.2% during the 4th quarter. Nvwm LLC now owns 20,617 shares of the company’s stock worth $579,000 after buying an additional 1,557 shares during the last quarter. Frontier Asset Management LLC acquired a new stake in KFA Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter worth $870,000. Finally, Magnolia Private Wealth LLC bought a new stake in KFA Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at $1,902,000.

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.