Kayne Anderson Rudnick Investment Management LLC Reduces Stock Position in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) by 75.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,324 shares of the company’s stock after selling 16,310 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.05% of KraneShares Global Carbon Strategy ETF worth $173,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KRBN. Cambridge Investment Research Advisors Inc. grew its holdings in KraneShares Global Carbon Strategy ETF by 8.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 113,330 shares of the company’s stock worth $4,135,000 after acquiring an additional 8,972 shares in the last quarter. Virtu Financial LLC acquired a new position in KraneShares Global Carbon Strategy ETF in the fourth quarter worth about $907,000. Wealth Enhancement Advisory Services LLC bought a new stake in KraneShares Global Carbon Strategy ETF in the first quarter valued at about $1,265,000. Riverwater Partners LLC raised its stake in KraneShares Global Carbon Strategy ETF by 41.1% during the first quarter. Riverwater Partners LLC now owns 68,070 shares of the company’s stock valued at $2,094,000 after buying an additional 19,833 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in KraneShares Global Carbon Strategy ETF by 70.7% during the 1st quarter. Private Advisor Group LLC now owns 17,718 shares of the company’s stock worth $545,000 after buying an additional 7,341 shares during the last quarter.

KraneShares Global Carbon Strategy ETF Trading Down 0.4 %

Shares of NYSEARCA KRBN opened at $31.36 on Tuesday. KraneShares Global Carbon Strategy ETF has a twelve month low of $28.06 and a twelve month high of $37.64. The business has a 50 day simple moving average of $32.32 and a 200-day simple moving average of $32.44.

KraneShares Global Carbon Strategy ETF Company Profile

The KraneShares Global Carbon ETF (KRBN) is an exchange-traded fund that is based on the IHS Markit Global Carbon index. The fund seeks to track a carbon credit futures index that weights holdings based on trade volume. The fund holds December futures from three major cap-and-trade programs KRBN was launched on Jul 30, 2020 and is managed by KraneShares.