Krane Funds Advisors LLC Sells 1,511,800 Shares of KraneShares CSI China Internet ETF (NYSE:KWEB)

Krane Funds Advisors LLC reduced its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,469,713 shares of the company’s stock after selling 1,511,800 shares during the period. KraneShares CSI China Internet ETF comprises 6.7% of Krane Funds Advisors LLC’s holdings, making the stock its 9th largest position. Krane Funds Advisors LLC owned about 2.48% of KraneShares CSI China Internet ETF worth $186,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KWEB. Wealth Enhancement Advisory Services LLC raised its position in shares of KraneShares CSI China Internet ETF by 3.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,763 shares of the company’s stock valued at $534,000 after purchasing an additional 709 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in KraneShares CSI China Internet ETF by 17.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,700 shares of the company’s stock valued at $128,000 after acquiring an additional 710 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of KraneShares CSI China Internet ETF by 15.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the company’s stock valued at $141,000 after purchasing an additional 711 shares during the last quarter. Mather Group LLC. grew its holdings in KraneShares CSI China Internet ETF by 63.8% in the 3rd quarter. Mather Group LLC. now owns 2,000 shares of the company’s stock valued at $68,000 after buying an additional 779 shares in the last quarter. Finally, M&R Capital Management Inc. bought a new position in shares of KraneShares CSI China Internet ETF during the third quarter worth approximately $34,000.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB opened at $32.21 on Tuesday. KraneShares CSI China Internet ETF has a one year low of $22.68 and a one year high of $39.17. The company’s 50 day moving average price is $29.21.