Ferguson Shapiro LLC Makes New $859,000 Investment in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Ferguson Shapiro LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,450 shares of the company’s stock, valued at approximately $859,000. KraneShares Mount Lucas Managed Futures Index Strategy ETF accounts for about 0.3% of Ferguson Shapiro LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% during the 2nd quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock worth $4,957,000 after acquiring an additional 19,272 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at about $415,000. EverSource Wealth Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $105,000. Blueprint Investment Partners LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $544,000. Finally, Blueprint Financial Advisors LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $544,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.6%

Shares of NYSEARCA KMLM opened at $27.52 on Wednesday. The business’s 50 day moving average price is $28.70 and its two-hundred day moving average price is $27.62. The company has a market cap of $264.19 million, a PE ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $30.17.

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.