Permanent Capital Management LP Makes New $3.50 Million Investment in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Permanent Capital Management LP purchased a new position in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) during the 4th quarter, HoldingsChannel reports. The firm purchased 178,184 shares of the company’s stock, valued at approximately $3,496,000. KraneShares California Carbon Allowance Strategy ETF makes up 1.1% of Permanent Capital Management LP’s investment portfolio, making the stock its 15th largest holding.

Separately, Summit Trail Advisors LLC increased its position in shares of KraneShares California Carbon Allowance Strategy ETF by 48.1% during the third quarter. Summit Trail Advisors LLC now owns 1,555,928 shares of the company’s stock valued at $33,546,000 after purchasing an additional 505,106 shares during the period.

KraneShares California Carbon Allowance Strategy ETF Trading Up 0.1 %

KCCA opened at $17.87 on Friday. The stock has a market cap of $114.90 million, a PE ratio of 11.73 and a beta of 0.07. KraneShares California Carbon Allowance Strategy ETF has a 1 year low of $15.99 and a 1 year high of $29.86. The stock’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $19.81.

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.