Royal Bank of Canada Has $1.09 Million Stock Position in KraneShares Mount Lucas Managed Futures Index Strategy ETF $KMLM

Royal Bank of Canada lifted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) by 119.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,579 shares of the company’s stock after purchasing an additional 21,025 shares during the period. Royal Bank of Canada owned 0.40% of KraneShares Mount Lucas Managed Futures Index Strategy ETF worth $1,088,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at $3,271,000. Manning & Napier Advisors LLC raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock worth $4,524,000 after acquiring an additional 82,745 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at $976,000. Ferguson Shapiro LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at $859,000. Finally, Raymond James Financial Inc. grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after acquiring an additional 25,414 shares during the period.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock opened at $29.35 on Friday. The company’s 50-day moving average is $28.52 and its 200-day moving average is $28.25. The firm has a market capitalization of $421.17 million, a PE ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a fifty-two week low of $25.77 and a fifty-two week high of $30.17.

KraneShares Mount Lucas Managed Futures Index Strategy ETF 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.