Fosun International Ltd Sells 141,577 Shares of KraneShares CSI China Internet ETF $KWEB

Fosun International Ltd reduced its holdings in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 57.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 105,451 shares of the company’s stock after selling 141,577 shares during the period. KraneShares CSI China Internet ETF accounts for about 1.0% of Fosun International Ltd’s portfolio, making the stock its 9th largest position. Fosun International Ltd’s holdings in KraneShares CSI China Internet ETF were worth $3,620,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of KraneShares CSI China Internet ETF by 83.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock worth $641,000 after purchasing an additional 8,479 shares during the last quarter. KG&L Capital Management LLC acquired a new position in KraneShares CSI China Internet ETF in the second quarter valued at about $443,000. Cetera Investment Advisers grew its stake in KraneShares CSI China Internet ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 41,257 shares of the company’s stock worth $1,440,000 after buying an additional 299 shares during the last quarter. ABC Arbitrage SA increased its holdings in shares of KraneShares CSI China Internet ETF by 5.0% during the second quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock worth $1,152,000 after buying an additional 1,600 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of KraneShares CSI China Internet ETF by 34.8% in the second quarter. SeaBridge Investment Advisors LLC now owns 75,800 shares of the company’s stock valued at $2,602,000 after acquiring an additional 19,581 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Performance

NYSE KWEB opened at $37.59 on Monday. The stock’s 50 day simple moving average is $39.49 and its 200 day simple moving average is $37.44. KraneShares CSI China Internet ETF has a one year low of $27.27 and a one year high of $43.37.