Brookwood Investment Group LLC Takes $9.97 Million Position in KraneShares Hedgeye Hedged Equity Index ETF $KSPY

Brookwood Investment Group LLC purchased a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF (NYSEARCA:KSPY) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 351,871 shares of the company’s stock, valued at approximately $9,968,000. KraneShares Hedgeye Hedged Equity Index ETF comprises about 1.3% of Brookwood Investment Group LLC’s investment portfolio, making the stock its 14th biggest position. Brookwood Investment Group LLC owned 29.32% of KraneShares Hedgeye Hedged Equity Index ETF as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 246.7% during the second quarter. Envestnet Asset Management Inc. now owns 140,650 shares of the company’s stock worth $3,739,000 after buying an additional 100,077 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of KraneShares Hedgeye Hedged Equity Index ETF by 244.8% in the 2nd quarter. Cetera Investment Advisers now owns 140,950 shares of the company’s stock valued at $3,747,000 after acquiring an additional 100,077 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of KraneShares Hedgeye Hedged Equity Index ETF during the 2nd quarter valued at $362,000. Finally, CLG LLC boosted its holdings in shares of KraneShares Hedgeye Hedged Equity Index ETF by 0.4% during the 2nd quarter. CLG LLC now owns 224,893 shares of the company’s stock valued at $5,979,000 after acquiring an additional 886 shares in the last quarter.

KraneShares Hedgeye Hedged Equity Index ETF Stock Up 0.2%

Shares of KSPY opened at $27.51 on Friday. The stock has a market cap of $55.02 million, a PE ratio of 24.69 and a beta of 0.50. KraneShares Hedgeye Hedged Equity Index ETF has a 12-month low of $22.94 and a 12-month high of $29.24. The business has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $27.88.

KraneShares Hedgeye Hedged Equity Index ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were issued a $1.6921 dividend. This represents a yield of 614.0%. The ex-dividend date was Monday, December 22nd.

About KraneShares Hedgeye Hedged Equity Index ETF

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.