Strait & Sound Wealth Management LLC increased its holdings in KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,348 shares of the company’s stock after buying an additional 3,534 shares during the quarter. Strait & Sound Wealth Management LLC owned about 1.33% of KraneShares Hang Seng TECH Index ETF worth $601,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of KTEC. Jane Street Group LLC increased its holdings in KraneShares Hang Seng TECH Index ETF by 268.8% in the 1st quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock worth $2,946,000 after buying an additional 132,285 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $447,000. Finally, IFP Advisors Inc acquired a new stake in shares of KraneShares Hang Seng TECH Index ETF during the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 63.86% of the company’s stock.
KraneShares Hang Seng TECH Index ETF Price Performance
Shares of NYSEARCA KTEC opened at $18.02 on Friday. The stock has a market capitalization of $64.87 million, a price-to-earnings ratio of 60.07 and a beta of 0.24. KraneShares Hang Seng TECH Index ETF has a 12 month low of $12.60 and a 12 month high of $19.69. The firm’s 50 day simple moving average is $17.99 and its 200-day simple moving average is $16.65.
KraneShares Hang Seng TECH Index ETF Company Profile
The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.
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