Q3 Asset Management Buys Shares of 35,374 KraneShares Electric Vehicles and Future Mobility Index ETF $KARS

Q3 Asset Management purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) during the 3rd quarter, Holdings Channel reports. The fund purchased 35,374 shares of the company’s stock, valued at approximately $1,075,000. KraneShares Electric Vehicles and Future Mobility Index ETF accounts for approximately 0.4% of Q3 Asset Management’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds have also modified their holdings of the company. Advantage Trust Co acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth approximately $26,000. Harbor Asset Planning Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth $39,000. Raymond James Financial Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth $53,000. Finally, Jane Street Group LLC lifted its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the first quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after acquiring an additional 30,927 shares in the last quarter.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.7%

KARS opened at $32.25 on Wednesday. The firm has a market cap of $80.63 million, a P/E ratio of 17.78 and a beta of 1.19. The business’s fifty day simple moving average is $30.82 and its 200 day simple moving average is $28.47. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $17.44 and a 52 week high of $32.63.

KraneShares Electric Vehicles and Future Mobility Index ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0559 per share. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 18.0%.

KraneShares Electric Vehicles and Future Mobility Index ETF Profile

The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of stocks that are involved in the production of electric vehicles or other initiatives that may enhance future mobility. KARS was launched on Jan 18, 2018 and is managed by KraneShares.