Lavelle Capital LP Invests $1.13 Million in KraneShares Hang Seng TECH Index ETF $KTEC

Lavelle Capital LP purchased a new stake in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 82,660 shares of the company’s stock, valued at approximately $1,134,000. KraneShares Hang Seng TECH Index ETF accounts for about 0.7% of Lavelle Capital LP’s holdings, making the stock its 29th biggest holding. Lavelle Capital LP owned about 1.92% of KraneShares Hang Seng TECH Index ETF at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Osaic Holdings Inc. acquired a new position in KraneShares Hang Seng TECH Index ETF during the second quarter worth $207,000. Jane Street Group LLC acquired a new stake in KraneShares Hang Seng TECH Index ETF in the fourth quarter valued at $228,000. Cetera Investment Advisers purchased a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 4th quarter worth $290,000. Susquehanna International Group LLP purchased a new stake in KraneShares Hang Seng TECH Index ETF during the third quarter worth about $350,000. Finally, NewEdge Advisors LLC purchased a new position in KraneShares Hang Seng TECH Index ETF in the first quarter valued at about $447,000. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

KraneShares Hang Seng TECH Index ETF Trading Up 0.8%

KTEC stock opened at $13.69 on Friday. The firm has a 50 day moving average of $13.06 and a 200-day moving average of $14.09. KraneShares Hang Seng TECH Index ETF has a 12-month low of $11.81 and a 12-month high of $19.69. The company has a market cap of $59.55 million, a price-to-earnings ratio of 45.63 and a beta of 0.48.

KraneShares Hang Seng TECH Index ETF Company Profile

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.