Summit Trail Advisors LLC Boosts Stock Position in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Summit Trail Advisors LLC boosted its holdings in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 48.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,555,928 shares of the company’s stock after acquiring an additional 505,106 shares during the period. KraneShares California Carbon Allowance Strategy ETF accounts for about 0.8% of Summit Trail Advisors LLC’s portfolio, making the stock its 20th largest position. Summit Trail Advisors LLC owned approximately 0.17% of KraneShares California Carbon Allowance Strategy ETF worth $33,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KCCA. Jordan Park Group LLC lifted its stake in shares of 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 purchasing an additional 128,267 shares during the last quarter. Battery Global Advisors LLC purchased a new stake in KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter valued at $1,997,000. Bank of Montreal Can lifted its position in KraneShares California Carbon Allowance Strategy ETF by 242.7% in the second quarter. Bank of Montreal Can now owns 33,200 shares of the company’s stock worth $744,000 after buying an additional 23,512 shares during the last quarter. Finally, Sharp Financial Services LLC bought a new stake in KraneShares California Carbon Allowance Strategy ETF in the second quarter worth $309,000.

KraneShares California Carbon Allowance Strategy ETF Stock Up 1.3 %

KCCA stock opened at $20.16 on Friday. KraneShares California Carbon Allowance Strategy ETF has a twelve month low of $18.13 and a twelve month high of $31.52. The stock has a market capitalization of $183.46 million, a price-to-earnings ratio of 19.94 and a beta of 0.23. The firm’s fifty day simple moving average is $21.87 and its two-hundred day simple moving average is $22.91.

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.