Summit Trail Advisors LLC Purchases 505,106 Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Summit Trail Advisors LLC lifted its position in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 48.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,555,928 shares of the company’s stock after buying an additional 505,106 shares during the quarter. KraneShares California Carbon Allowance Strategy ETF makes up 0.8% of Summit Trail Advisors LLC’s holdings, making the stock its 20th largest holding. Summit Trail Advisors LLC owned 17.10% of KraneShares California Carbon Allowance Strategy ETF worth $33,546,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KCCA. Sharp Financial Services LLC bought a new position in KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth approximately $309,000. Bank of Montreal Can grew its stake in KraneShares California Carbon Allowance Strategy ETF by 242.7% during the second quarter. Bank of Montreal Can now owns 33,200 shares of the company’s stock valued at $744,000 after acquiring an additional 23,512 shares in the last quarter. Battery Global Advisors LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the second quarter valued at $1,997,000. Finally, Jordan Park Group LLC increased its holdings in KraneShares California Carbon Allowance Strategy ETF by 2.9% in the 2nd quarter. Jordan Park Group LLC now owns 4,560,952 shares of the company’s stock valued at $102,211,000 after acquiring an additional 128,267 shares during the last quarter.

KraneShares California Carbon Allowance Strategy ETF Stock Up 1.3 %

KCCA opened at $20.16 on Friday. The company has a market capitalization of $183.46 million, a PE ratio of 19.94 and a beta of 0.23. The firm has a 50-day simple moving average of $21.87 and a two-hundred day simple moving average of $22.91. KraneShares California Carbon Allowance Strategy ETF has a 52 week low of $18.13 and a 52 week high of $31.52.

About KraneShares California Carbon Allowance Strategy ETF

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.