Farther Finance Advisors LLC reduced its stake in shares of KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Free Report) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,075 shares of the company’s stock after selling 1,018 shares during the quarter. Farther Finance Advisors LLC owned about 0.43% of KraneShares Hang Seng TECH Index ETF worth $194,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of KTEC. IFP Advisors Inc bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at about $26,000. NewEdge Advisors LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at about $447,000. Strait & Sound Wealth Management LLC bought a new stake in shares of KraneShares Hang Seng TECH Index ETF during the first quarter valued at about $549,000. Finally, Jane Street Group LLC raised its stake in shares of KraneShares Hang Seng TECH Index ETF by 268.8% during the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after purchasing an additional 132,285 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors.
KraneShares Hang Seng TECH Index ETF Stock Up 1.1%
Shares of NYSEARCA KTEC opened at $19.22 on Thursday. KraneShares Hang Seng TECH Index ETF has a fifty-two week low of $12.60 and a fifty-two week high of $19.23. The firm’s 50-day simple moving average is $17.42 and its 200 day simple moving average is $16.39. The stock has a market cap of $53.82 million, a P/E ratio of 64.07 and a beta of 0.24.
About KraneShares Hang Seng TECH Index ETF
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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