Lavelle Capital LP Buys Shares of 82,660 KraneShares Hang Seng TECH Index ETF $KTEC

Lavelle Capital LP purchased a new position in shares of KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 82,660 shares of the company’s stock, valued at approximately $1,134,000. KraneShares Hang Seng TECH Index ETF makes up 0.7% of Lavelle Capital LP’s holdings, making the stock its 29th largest holding.

Other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of KraneShares Hang Seng TECH Index ETF by 268.8% in the first quarter. Jane Street Group LLC now owns 181,503 shares of the company’s stock valued at $2,946,000 after acquiring an additional 132,285 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter worth about $447,000. Cetera Investment Advisers purchased a new stake in KraneShares Hang Seng TECH Index ETF during the 4th quarter worth about $290,000. Susquehanna International Group LLP purchased a new stake in KraneShares Hang Seng TECH Index ETF during the 3rd quarter worth about $350,000. Finally, Osaic Holdings Inc. acquired a new position in KraneShares Hang Seng TECH Index ETF in the 2nd quarter valued at about $207,000. 63.86% of the stock is owned by institutional investors and hedge funds.

KraneShares Hang Seng TECH Index ETF Trading Up 0.8%

Shares of KTEC stock opened at $13.69 on Friday. The company has a market capitalization of $59.55 million, a price-to-earnings ratio of 45.63 and a beta of 0.48. The firm has a 50-day moving average price of $13.06 and a 200 day moving average price of $14.09. KraneShares Hang Seng TECH Index ETF has a twelve month low of $11.81 and a twelve month high of $19.69.

KraneShares Hang Seng TECH Index ETF 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.