373,902 Shares in KraneShares Hedgeye Hedged Equity Index ETF $KSPY Acquired by Ball & Co Wealth Management Inc.

Ball & Co Wealth Management Inc. bought a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 373,902 shares of the company’s stock, valued at approximately $10,252,000. KraneShares Hedgeye Hedged Equity Index ETF comprises approximately 8.6% of Ball & Co Wealth Management Inc.’s portfolio, making the stock its 5th largest holding. Ball & Co Wealth Management Inc. owned 0.11% of KraneShares Hedgeye Hedged Equity Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 144.2% in the fourth quarter. Royal Bank of Canada now owns 1,465 shares of the company’s stock worth $40,000 after purchasing an additional 865 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF during the fourth quarter worth $225,000. Private Trust Co. NA purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter valued at $313,000. Jane Street Group LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 2nd quarter valued at $362,000. Finally, Truist Financial Corp purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the 4th quarter worth $423,000.

KraneShares Hedgeye Hedged Equity Index ETF Price Performance

Shares of KSPY stock opened at $29.55 on Friday. The stock’s fifty day moving average price is $28.92 and its 200 day moving average price is $28.20. KraneShares Hedgeye Hedged Equity Index ETF has a 1-year low of $26.66 and a 1-year high of $29.65. The company has a market cap of $118.20 million, a price-to-earnings ratio of 24.69 and a beta of 0.44.

KraneShares Hedgeye Hedged Equity Index ETF Company Profile

The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) is an exchange-traded fund that is based on the Hedgeye Hedged Equity index. The fund tracks an index the provides exposure to the S&P 500, with the objective of reducing volatility and dynamically hedging downside risk. The underlying portfolio holds ETFs with exposure to the S&P 500 Index, a fund-of-funds, and weekly Index options KSPY was launched on Jul 16, 2024 and is issued by KraneShares.