JPMorgan Chase & Co. Sells 5,680 Shares of KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA)

JPMorgan Chase & Co. decreased its stake in KraneShares California Carbon Allowance Strategy ETF (NYSEARCA:KCCA) by 79.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,467 shares of the company’s stock after selling 5,680 shares during the quarter. JPMorgan Chase & Co.’s holdings in KraneShares California Carbon Allowance Strategy ETF were worth $32,000 as of its most recent SEC filing.

Separately, Bank of Montreal Can increased its stake in shares of KraneShares California Carbon Allowance Strategy ETF by 242.7% in the second quarter. Bank of Montreal Can now owns 33,200 shares of the company’s stock worth $744,000 after purchasing an additional 23,512 shares in the last quarter.

KraneShares California Carbon Allowance Strategy ETF Price Performance

Shares of KCCA stock opened at $16.57 on Wednesday. The company’s fifty day moving average price is $18.81 and its 200-day moving average price is $20.31. The company has a market capitalization of $150.79 million, a price-to-earnings ratio of 19.94 and a beta of 0.23. KraneShares California Carbon Allowance Strategy ETF has a one year low of $16.15 and a one year 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.