Knightsbridge Asset Management LLC Acquires 36,959 Shares of KraneShares California Carbon Allowance Strategy ETF $KCCA

Knightsbridge Asset Management LLC increased its holdings in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 694,485 shares of the company’s stock after acquiring an additional 36,959 shares during the period. KraneShares California Carbon Allowance Strategy ETF makes up approximately 2.8% of Knightsbridge Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Knightsbridge Asset Management LLC owned 0.11% of KraneShares California Carbon Allowance Strategy ETF worth $11,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new position in KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth $232,000. Biltmore Family Office LLC grew its holdings in KraneShares California Carbon Allowance Strategy ETF by 28.6% during the first quarter. Biltmore Family Office LLC now owns 18,480 shares of the company’s stock worth $308,000 after acquiring an additional 4,110 shares during the period. Battery Global Advisors LLC grew its holdings in KraneShares California Carbon Allowance Strategy ETF by 31.9% during the first quarter. Battery Global Advisors LLC now owns 128,545 shares of the company’s stock worth $2,139,000 after acquiring an additional 31,124 shares during the period. Jane Street Group LLC acquired a new position in KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth $908,000. Finally, Permanent Capital Management LP grew its holdings in KraneShares California Carbon Allowance Strategy ETF by 1.5% during the first quarter. Permanent Capital Management LP now owns 180,820 shares of the company’s stock worth $3,009,000 after acquiring an additional 2,636 shares during the period.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA stock opened at $15.96 on Friday. The business’s fifty day moving average price is $15.62 and its 200 day moving average price is $15.63. KraneShares California Carbon Allowance Strategy ETF has a 1-year low of $13.61 and a 1-year high of $23.39. The firm has a market capitalization of $113.32 million, a PE ratio of 10.81 and a beta of 0.18.

KraneShares California Carbon Allowance Strategy ETF Profile

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.