Summit Trail Advisors LLC Sells 463,572 Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Summit Trail Advisors LLC lessened its position in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 30.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,050,822 shares of the company’s stock after selling 463,572 shares during the period. KraneShares California Carbon Allowance Strategy ETF comprises 0.6% of Summit Trail Advisors LLC’s holdings, making the stock its 23rd largest position. Summit Trail Advisors LLC owned approximately 11.55% of KraneShares California Carbon Allowance Strategy ETF worth $23,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sharp Financial Services LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the second quarter worth $309,000. Clarity Capital Partners LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 4th quarter valued at about $856,000. Clayton Partners LLC increased its position in shares of KraneShares California Carbon Allowance Strategy ETF by 14.8% in the fourth quarter. Clayton Partners LLC now owns 39,066 shares of the company’s stock valued at $1,178,000 after acquiring an additional 5,041 shares during the last quarter. Finally, Jordan Park Group LLC raised its holdings in KraneShares California Carbon Allowance Strategy ETF by 2.9% during the second quarter. Jordan Park Group LLC now owns 4,560,952 shares of the company’s stock worth $102,211,000 after acquiring an additional 128,267 shares in the last quarter.

KraneShares California Carbon Allowance Strategy ETF Stock Down 0.0 %

KCCA stock opened at $21.34 on Friday. The company has a market cap of $194.19 million, a price-to-earnings ratio of 19.94 and a beta of 0.23. KraneShares California Carbon Allowance Strategy ETF has a twelve month low of $18.13 and a twelve month high of $31.52. The business has a 50 day moving average price of $20.37 and a two-hundred day moving average price of $25.04.

KraneShares California Carbon Allowance Strategy ETF Company Profile

The KraneShares California Carbon Allowance ETF (KCCA) is an exchange-traded fund that is based on the IHS Markit Carbon CCA index. The fund tracks a liquidity-weighted CCA carbon credit futures index. KCCA was launched on Oct 5, 2021 and is managed by KraneShares.