NewEdge Wealth LLC Makes New Investment in KraneShares California Carbon Allowance Strategy ETF $KCCA

NewEdge Wealth LLC purchased a new position in shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 220,009 shares of the company’s stock, valued at approximately $3,698,000.

A number of other large investors also recently bought and sold shares of KCCA. Flow Traders U.S. LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the second quarter worth approximately $400,000. Brucke Financial Inc. purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the fourth quarter worth approximately $556,000. Susquehanna International Group LLP purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the third quarter worth approximately $576,000. Finally, Fielder Capital Group LLC purchased a new position in KraneShares California Carbon Allowance Strategy ETF during the third quarter worth approximately $8,572,000.

KraneShares California Carbon Allowance Strategy ETF Stock Down 0.4%

NYSEARCA:KCCA opened at $14.89 on Tuesday. The firm’s 50 day moving average is $14.95 and its two-hundred day moving average is $15.88. KraneShares California Carbon Allowance Strategy ETF has a fifty-two week low of $14.36 and a fifty-two week high of $18.16. The company has a market cap of $105.72 million, a P/E ratio of 10.81 and a beta of 0.18.

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.