Main Management ETF Advisors LLC trimmed its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,593 shares of the company’s stock after selling 76,323 shares during the quarter. KraneShares CSI China Internet ETF accounts for 0.4% of Main Management ETF Advisors LLC’s holdings, making the stock its 14th largest holding. Main Management ETF Advisors LLC owned about 0.12% of KraneShares CSI China Internet ETF worth $10,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of KWEB. SBI Securities Co. Ltd. grew its stake in 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 worth $28,000 after purchasing an additional 723 shares in the last quarter. JPL Wealth Management LLC acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth $34,000. Fortitude Family Office LLC acquired a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $45,000. Compagnie Lombard Odier SCmA acquired a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $45,000. Finally, International Assets Investment Management LLC acquired a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $49,000.
KraneShares CSI China Internet ETF Price Performance
KWEB opened at $26.73 on Monday. KraneShares CSI China Internet ETF has a 12 month low of $26.23 and a 12 month high of $43.37. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The business has a fifty day moving average price of $28.56 and a 200 day moving average price of $32.63.
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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