Private Advisor Group LLC Buys Shares of 409,120 KraneShares Hedgeye Hedged Equity Index ETF $KSPY

Private Advisor Group LLC bought a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 409,120 shares of the company’s stock, valued at approximately $11,218,000. Private Advisor Group LLC owned 12.78% of KraneShares Hedgeye Hedged Equity Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Cetera Investment Advisers boosted its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 15.5% in the 4th quarter. Cetera Investment Advisers now owns 163,624 shares of the company’s stock valued at $4,491,000 after buying an additional 21,977 shares during the period. Royal Bank of Canada raised its stake in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% during the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after acquiring an additional 865 shares during the period. Jane Street Group LLC acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth about $704,000. LPL Financial LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter worth about $11,691,000. Finally, HighTower Advisors LLC bought a new position in KraneShares Hedgeye Hedged Equity Index ETF in the fourth quarter worth about $225,000.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of KSPY stock opened at $29.24 on Friday. The company has a market cap of $103.80 million, a P/E ratio of 24.69 and a beta of 0.44. The business has a 50 day moving average of $28.80 and a two-hundred day moving average of $28.19. KraneShares Hedgeye Hedged Equity Index ETF has a 52 week low of $26.50 and a 52 week high of $29.55.

KraneShares Hedgeye Hedged Equity Index ETF Profile

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is an exchange-traded fund that is based on the Hedgeye Hedged Equity index. The fund tracks an index the provides exposure to the S&P 500, with the objective of reducing volatility and dynamically hedging downside risk. The underlying portfolio holds ETFs with exposure to the S&P 500 Index, a fund-of-funds, and weekly Index options KSPY was launched on Jul 16, 2024 and is issued by KraneShares.