Verdence Capital Advisors LLC Makes New $2.60 Million Investment in KraneShares Hedgeye Hedged Equity Index ETF $KSPY

Verdence Capital Advisors LLC purchased a new position in shares of KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 86,450 shares of the company’s stock, valued at approximately $2,603,000. Verdence Capital Advisors LLC owned 2.03% of KraneShares Hedgeye Hedged Equity Index ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KSPY. Persium Advisors LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF in the third quarter valued at about $205,000. Ascentis Independent Advisors purchased a new position in KraneShares Hedgeye Hedged Equity Index ETF during the first quarter worth about $468,000. Reyes Financial Architecture Inc. boosted its holdings in KraneShares Hedgeye Hedged Equity Index ETF by 727.8% in the 3rd 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 last quarter. Cetera Investment Advisers increased its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 33.0% during the 1st quarter. Cetera Investment Advisers now owns 217,557 shares of the company’s stock worth $5,965,000 after buying an additional 53,933 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 1st quarter valued at approximately $10,252,000.

KraneShares Hedgeye Hedged Equity Index ETF Stock Performance

KSPY opened at $30.29 on Wednesday. The stock has a market capitalization of $128.73 million, a PE ratio of 24.69 and a beta of 0.43. KraneShares Hedgeye Hedged Equity Index ETF has a one year low of $26.82 and a one year high of $30.41. The business’s 50 day moving average price is $30.06 and its 200 day moving average price is $28.89.

KraneShares Hedgeye Hedged Equity Index ETF 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.