Palo Alto Wealth Advisors LLC Sells 12,553 Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Palo Alto Wealth Advisors LLC cut its holdings in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 27.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,638 shares of the company’s stock after selling 12,553 shares during the quarter. KraneShares California Carbon Allowance Strategy ETF makes up approximately 0.3% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding. Palo Alto Wealth Advisors LLC’s holdings in KraneShares California Carbon Allowance Strategy ETF were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jordan Park Group LLC raised its stake in KraneShares California Carbon Allowance Strategy ETF by 2.9% in the second 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 in the last quarter. Battery Global Advisors LLC bought a new position in shares of KraneShares California Carbon Allowance Strategy ETF in the 2nd quarter worth $1,997,000. Bank of Montreal Can lifted its holdings in shares of KraneShares California Carbon Allowance Strategy ETF by 242.7% during the 2nd quarter. Bank of Montreal Can now owns 33,200 shares of the company’s stock worth $744,000 after acquiring an additional 23,512 shares during the last quarter. Finally, Sharp Financial Services LLC bought a new stake in shares of KraneShares California Carbon Allowance Strategy ETF during the 2nd quarter worth $309,000.

KraneShares California Carbon Allowance Strategy ETF Trading Down 1.9 %

Shares of KCCA traded down $0.42 during midday trading on Thursday, reaching $21.58. The stock had a trading volume of 30,516 shares, compared to its average volume of 68,995. The company has a market capitalization of $196.38 million, a price-to-earnings ratio of 19.94 and a beta of 0.23. KraneShares California Carbon Allowance Strategy ETF has a 12-month low of $18.13 and a 12-month high of $31.52. The company’s 50-day moving average is $21.92 and its 200 day moving average is $23.26.

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.