Palo Alto Wealth Advisors LLC Has $776,000 Stock Position in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

Palo Alto Wealth Advisors LLC lessened its holdings in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 27.2% during the third 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 period. KraneShares California Carbon Allowance Strategy ETF comprises 0.3% of Palo Alto Wealth Advisors LLC’s holdings, making the stock its 21st biggest holding. Palo Alto Wealth Advisors LLC owned approximately 0.37% of KraneShares California Carbon Allowance Strategy ETF worth $776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KCCA. Sharp Financial Services LLC acquired a new position in KraneShares California Carbon Allowance Strategy ETF in the second quarter valued at $309,000. Bank of Montreal Can boosted its position 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 valued at $744,000 after purchasing an additional 23,512 shares in the last quarter. Battery Global Advisors LLC acquired a new stake in KraneShares California Carbon Allowance Strategy ETF during the second quarter worth approximately $1,997,000. Finally, Jordan Park Group LLC increased its holdings 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 worth $102,211,000 after purchasing an additional 128,267 shares in the last quarter.

KraneShares California Carbon Allowance Strategy ETF Trading Down 1.9 %

NYSEARCA KCCA traded down $0.42 on Thursday, hitting $21.58. 30,516 shares of the company were exchanged, compared to its average volume of 68,995. The company has a market cap of $196.38 million, a PE ratio of 19.94 and a beta of 0.23. The stock has a fifty day moving average of $21.92 and a 200-day moving average of $23.26. KraneShares California Carbon Allowance Strategy ETF has a 12 month low of $18.13 and a 12 month high of $31.52.

About KraneShares California Carbon Allowance Strategy ETF

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.