Desjardins Global Asset Management Inc. Has $1.36 Million Stock Holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Desjardins Global Asset Management Inc. trimmed its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,425 shares of the company’s stock after selling 2,696 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in KraneShares CSI China Internet ETF were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at about $260,000. B. Riley Wealth Advisors Inc. acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $259,000. Solstein Capital LLC acquired a new position in KraneShares CSI China Internet ETF during the 4th quarter worth approximately $38,000. Raymond James Financial Services Advisors Inc. raised its stake in KraneShares CSI China Internet ETF by 15.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock worth $6,282,000 after buying an additional 30,563 shares during the period. Finally, Morgan Stanley raised its stake in KraneShares CSI China Internet ETF by 20.7% during the 3rd quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock worth $232,970,000 after buying an additional 1,458,821 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

KWEB stock opened at $25.55 on Wednesday. The stock’s 50 day simple moving average is $25.87 and its 200 day simple moving average is $26.21. KraneShares CSI China Internet ETF has a fifty-two week low of $22.68 and a fifty-two week high of $32.06. The company has a market cap of $5.28 billion, a P/E ratio of 20.84 and a beta of 1.28.

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.