Moneco Advisors LLC Sells 29,123 Shares of KraneShares CSI China Internet ETF $KWEB

Moneco Advisors LLC lowered its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 53.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,841 shares of the company’s stock after selling 29,123 shares during the quarter. Moneco Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $95,497,000. Quadrature Capital Ltd raised its holdings in shares of KraneShares CSI China Internet ETF by 350.0% in the 3rd quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after purchasing an additional 1,849,107 shares during the period. BlueCrest Capital Management Ltd raised its holdings in shares of KraneShares CSI China Internet ETF by 421.5% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock worth $89,385,000 after purchasing an additional 1,719,701 shares during the period. Robinhood Asset Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter worth approximately $54,053,000. Finally, Rit Capital Partners PLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $52,907,000.

KraneShares CSI China Internet ETF Trading Down 4.5%

NYSEARCA:KWEB opened at $29.20 on Friday. The stock has a market capitalization of $6.56 billion, a PE ratio of 15.95 and a beta of 0.36. The firm’s 50 day moving average is $29.16 and its 200 day moving average is $33.60. KraneShares CSI China Internet ETF has a 12 month low of $27.62 and a 12 month high of $43.37.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.