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

NewEdge Wealth LLC lowered its position in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 58.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,998 shares of the company’s stock after selling 128,011 shares during the quarter. NewEdge Wealth LLC owned about 1.30% of KraneShares California Carbon Allowance Strategy ETF worth $1,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flatrock Wealth Partners LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the first quarter worth about $238,000. Sharp Wealth Advisory LLC raised its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 13.8% in the 1st quarter. Sharp Wealth Advisory LLC now owns 18,315 shares of the company’s stock valued at $271,000 after acquiring an additional 2,224 shares in the last quarter. Maltin Wealth Management Inc. boosted its position in shares of KraneShares California Carbon Allowance Strategy ETF by 26.9% during the 1st quarter. Maltin Wealth Management Inc. now owns 21,684 shares of the company’s stock valued at $321,000 after acquiring an additional 4,600 shares during the last quarter. Sankala Group LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 4th quarter valued at about $118,000. Finally, Picton Mahoney Asset Management grew its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 94.9% during the fourth quarter. Picton Mahoney Asset Management now owns 53,200 shares of the company’s stock worth $896,000 after purchasing an additional 25,900 shares in the last quarter.

KraneShares California Carbon Allowance Strategy ETF Stock Performance

Shares of NYSEARCA KCCA opened at $16.67 on Monday. The business has a 50-day moving average of $16.66 and a 200-day moving average of $15.78. The firm has a market capitalization of $113.36 million, a price-to-earnings ratio of 10.81 and a beta of 0.19. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $14.57 and a 12 month high of $18.16.

KraneShares California Carbon Allowance Strategy ETF Company 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.