Napa Wealth Management Increases Stock Holdings in KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP)

Napa Wealth Management increased its stake in KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) by 79.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,032 shares of the company’s stock after acquiring an additional 38,576 shares during the quarter. Napa Wealth Management owned approximately 0.70% of KraneShares China Internet and Covered Call Strategy ETF worth $1,073,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC increased its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 44.5% during the second quarter. AlphaStar Capital Management LLC now owns 346,453 shares of the company’s stock worth $4,462,000 after purchasing an additional 106,725 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in KraneShares China Internet and Covered Call Strategy ETF by 56.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 29,967 shares of the company’s stock worth $386,000 after buying an additional 10,803 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 67.9% during the second quarter. Daymark Wealth Partners LLC now owns 17,836 shares of the company’s stock valued at $230,000 after acquiring an additional 7,215 shares during the last quarter. Capital Market Strategies LLC lifted its position in shares of KraneShares China Internet and Covered Call Strategy ETF by 56.0% in the second quarter. Capital Market Strategies LLC now owns 19,822 shares of the company’s stock valued at $255,000 after acquiring an additional 7,116 shares in the last quarter. Finally, Maltin Wealth Management Inc. boosted its stake in shares of KraneShares China Internet and Covered Call Strategy ETF by 16.7% in the second quarter. Maltin Wealth Management Inc. now owns 23,062 shares of the company’s stock worth $297,000 after acquiring an additional 3,305 shares during the last quarter.

KraneShares China Internet and Covered Call Strategy ETF Stock Performance

Shares of KLIP opened at $11.23 on Monday. The stock has a 50 day moving average price of $12.04 and a 200 day moving average price of $12.94. The stock has a market capitalization of $139.25 million, a price-to-earnings ratio of 17.03 and a beta of 0.58. KraneShares China Internet and Covered Call Strategy ETF has a one year low of $10.97 and a one year high of $17.44.

About KraneShares China Internet and Covered Call Strategy ETF

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio.