Group One Trading LLC decreased its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 88.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 773,311 shares of the company’s stock after selling 5,846,348 shares during the quarter. Group One Trading LLC’s holdings in KraneShares CSI China Internet ETF were worth $21,985,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after acquiring an additional 723 shares in the last quarter. Manchester Capital Management LLC bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth $32,000. JPL Wealth Management LLC acquired a new position in KraneShares CSI China Internet ETF in the third quarter worth $34,000. Compagnie Lombard Odier SCmA acquired a new position in KraneShares CSI China Internet ETF in the fourth quarter worth $45,000. Finally, Fortitude Family Office LLC bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at $45,000.
KraneShares CSI China Internet ETF Stock Performance
Shares of NYSEARCA:KWEB opened at $26.44 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year high of $43.37. The company’s fifty day moving average is $26.36 and its two-hundred day moving average is $29.76.
About KraneShares CSI China Internet ETF
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.
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