Summit Trail Advisors LLC Sells 130,319 Shares of KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN)

Summit Trail Advisors LLC cut its position in KraneShares Global Carbon Strategy ETF (NYSEARCA:KRBN) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,178 shares of the company’s stock after selling 130,319 shares during the period. Summit Trail Advisors LLC owned 2.02% of KraneShares Global Carbon Strategy ETF worth $6,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KRBN. Sharp Financial Services LLC bought a new position in KraneShares Global Carbon Strategy ETF in the 2nd quarter valued at about $501,000. Creekside Partners bought a new position in shares of KraneShares Global Carbon Strategy ETF in the second quarter valued at approximately $350,000. Cetera Advisors LLC purchased a new position in shares of KraneShares Global Carbon Strategy ETF during the first quarter valued at approximately $237,000. Private Advisor Group LLC grew its holdings in KraneShares Global Carbon Strategy ETF by 10.1% during the second quarter. Private Advisor Group LLC now owns 19,516 shares of the company’s stock worth $635,000 after buying an additional 1,798 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. grew its holdings in KraneShares Global Carbon Strategy ETF by 1.5% during the second quarter. Kraematon Investment Advisors Inc. now owns 34,202 shares of the company’s stock worth $1,113,000 after buying an additional 500 shares in the last quarter.

KraneShares Global Carbon Strategy ETF Stock Down 1.5 %

KRBN opened at $31.26 on Friday. KraneShares Global Carbon Strategy ETF has a 1 year low of $28.06 and a 1 year high of $37.15. The firm’s fifty day moving average price is $31.57 and its two-hundred day moving average price is $32.51.

About KraneShares Global Carbon Strategy ETF

The KraneShares Global Carbon ETF (KRBN) is an exchange-traded fund that is based on the IHS Markit Global Carbon index. The fund seeks to track a carbon credit futures index that weights holdings based on trade volume. The fund holds December futures from three major cap-and-trade programs KRBN was launched on Jul 30, 2020 and is managed by KraneShares.