KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading Down 0.4%

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares dropped 0.4% during mid-day trading on Monday . The company traded as low as $29.41 and last traded at $29.55. Approximately 367,981 shares were traded during mid-day trading, an increase of 229% from the average daily volume of 111,831 shares. The stock had previously closed at $29.67.

KFA Mount Lucas Managed Futures Index Strategy ETF Price Performance

The firm has a market cap of $268.91 million, a PE ratio of 11.56 and a beta of -0.14. The firm has a 50-day simple moving average of $30.12 and a 200 day simple moving average of $29.92.

Hedge Funds Weigh In On KFA Mount Lucas Managed Futures Index Strategy ETF

Several large investors have recently made changes to their positions in KMLM. First Heartland Consultants Inc. boosted its stake in KFA Mount Lucas Managed Futures Index Strategy ETF by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 365,933 shares of the company’s stock worth $11,918,000 after purchasing an additional 1,927 shares in the last quarter. Nvwm LLC lifted its stake in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 339.3% in the fourth quarter. Nvwm LLC now owns 16,305 shares of the company’s stock worth $470,000 after buying an additional 12,593 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of KFA Mount Lucas Managed Futures Index Strategy ETF by 339.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 8,792 shares of the company’s stock valued at $286,000 after buying an additional 6,792 shares during 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.