86,450 Shares of KraneShares Hedgeye Hedged Equity Index ETF $KSPY Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) in the third quarter, HoldingsChannel reports. The firm purchased 86,450 shares of the company’s stock, valued at approximately $2,603,000.

A number of other institutional investors have also made changes to their positions in KSPY. Private Advisor Group LLC acquired a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter worth approximately $11,218,000. Ball & Co Wealth Management Inc. acquired a new stake in KraneShares Hedgeye Hedged Equity Index ETF in the 1st quarter valued at approximately $10,252,000. Cetera Investment Advisers raised its position in KraneShares Hedgeye Hedged Equity Index ETF by 33.0% in the first quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock valued at $5,965,000 after purchasing an additional 53,933 shares during the period. Reyes Financial Architecture Inc. raised its position in KraneShares Hedgeye Hedged Equity Index ETF by 727.8% in the third quarter. Reyes Financial Architecture Inc. now owns 156,686 shares of the company’s stock valued at $4,719,000 after purchasing an additional 137,757 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in KraneShares Hedgeye Hedged Equity Index ETF during the first quarter worth $468,000.

KraneShares Hedgeye Hedged Equity Index ETF Stock Up 0.4%

KSPY opened at $30.29 on Wednesday. KraneShares Hedgeye Hedged Equity Index ETF has a 52 week low of $26.82 and a 52 week high of $30.41. The business has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $28.89. The firm has a market cap of $128.73 million, a P/E ratio of 24.69 and a beta of 0.43.

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.