NewEdge Wealth LLC Cuts Stake in KraneShares California Carbon Allowance Strategy ETF $KCCA

NewEdge Wealth LLC lowered its holdings in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Free Report) by 58.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 91,998 shares of the company’s stock after selling 128,011 shares during the quarter. NewEdge Wealth LLC’s holdings in KraneShares California Carbon Allowance Strategy ETF were worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KCCA. Susquehanna International Group LLP purchased a new stake in KraneShares California Carbon Allowance Strategy ETF during the third quarter valued at about $576,000. Picton Mahoney Asset Management increased its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 94.9% in the fourth quarter. Picton Mahoney Asset Management now owns 53,200 shares of the company’s stock worth $896,000 after buying an additional 25,900 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the second quarter worth about $400,000. Flatrock Wealth Partners LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF in the 1st quarter valued at about $238,000. Finally, Fielder Capital Group LLC lifted its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 1.7% in the 4th quarter. Fielder Capital Group LLC now owns 510,747 shares of the company’s stock valued at $8,586,000 after acquiring an additional 8,601 shares during the last quarter.

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KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA stock opened at $16.67 on Monday. The stock has a market capitalization of $113.36 million, a PE ratio of 10.81 and a beta of 0.19. KraneShares California Carbon Allowance Strategy ETF has a 1-year low of $14.57 and a 1-year high of $18.16. The business has a 50-day moving average of $16.66 and a 200 day moving average of $15.78.

KraneShares California Carbon Allowance Strategy ETF Profile

(Free Report)

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.

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Want to see what other hedge funds are holding KCCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA – Free Report).

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