International Assets Investment Management LLC increased its stake in shares of Kensington Hedged Premium Income ETF (BATS:KHPI – Free Report) by 135.6% in the third quarter, Holdings Channel.com reports. The fund owned 45,000 shares of the company’s stock after purchasing an additional 25,898 shares during the period. International Assets Investment Management LLC’s holdings in Kensington Hedged Premium Income ETF were worth $1,161,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC grew its stake in Kensington Hedged Premium Income ETF by 394.6% during the second quarter. Ameritas Advisory Services LLC now owns 60,480 shares of the company’s stock valued at $1,562,000 after acquiring an additional 48,253 shares in the last quarter. Sigma Planning Corp bought a new stake in Kensington Hedged Premium Income ETF in the 3rd quarter valued at $6,320,000. Wealthcare Advisory Partners LLC increased its holdings in Kensington Hedged Premium Income ETF by 2.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 87,026 shares of the company’s stock valued at $2,247,000 after acquiring an additional 2,269 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Kensington Hedged Premium Income ETF by 16.8% in the 1st quarter. Bank of New York Mellon Corp now owns 34,167 shares of the company’s stock valued at $827,000 after acquiring an additional 4,920 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Kensington Hedged Premium Income ETF in the 3rd quarter worth $29,000.
Kensington Hedged Premium Income ETF Stock Up 0.7%
Shares of KHPI stock opened at $25.92 on Thursday. The stock has a market cap of $458.01 million, a P/E ratio of 23.88 and a beta of 0.63. Kensington Hedged Premium Income ETF has a 52 week low of $23.95 and a 52 week high of $26.55. The company’s fifty day simple moving average is $25.97 and its two-hundred day simple moving average is $25.76.
Kensington Hedged Premium Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a $0.1964 dividend. This represents a $2.36 annualized dividend and a dividend yield of 9.1%. This is a positive change from Kensington Hedged Premium Income ETF’s previous monthly dividend of $0.1951. The ex-dividend date of this dividend was Friday, October 30th.
About Kensington Hedged Premium Income ETF
The Kensington Hedged Premium Income ETF (KHPI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages multiple derivative strategies seeking to generate high monthly income, some upside participation potential in the S&P 500, with a downside hedge. The objective is to offer a more balanced income strategy than other covered option writing strategies. KHPI was launched on Sep 3, 2024 and is issued by Kensington.
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Want to see what other hedge funds are holding KHPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kensington Hedged Premium Income ETF (BATS:KHPI – Free Report).
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