Larson Financial Group LLC Decreases Stock Holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Larson Financial Group LLC decreased its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 28.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,045 shares of the company’s stock after selling 3,180 shares during the period. Larson Financial Group LLC’s holdings in KraneShares CSI China Internet ETF were worth $217,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Morgan Stanley grew its stake in shares of 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 valued at $232,970,000 after purchasing an additional 1,458,821 shares during the period. Rafferty Asset Management LLC grew its stake in shares of KraneShares CSI China Internet ETF by 6.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 6,223,295 shares of the company’s stock valued at $170,332,000 after acquiring an additional 363,661 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of KraneShares CSI China Internet ETF by 33.2% during the 3rd quarter. Alaska Permanent Fund Corp now owns 6,215,411 shares of the company’s stock valued at $170,116,000 after acquiring an additional 1,549,393 shares during the period. Citigroup Inc. lifted its holdings in KraneShares CSI China Internet ETF by 9.4% in the 3rd quarter. Citigroup Inc. now owns 5,156,597 shares of the company’s stock worth $141,136,000 after purchasing an additional 444,023 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in KraneShares CSI China Internet ETF by 208.5% in the 3rd quarter. Krane Funds Advisors LLC now owns 4,095,008 shares of the company’s stock worth $112,080,000 after purchasing an additional 2,767,540 shares in the last quarter.

KraneShares CSI China Internet ETF Trading Up 2.3 %

NYSEARCA KWEB opened at $27.96 on Thursday. The stock’s 50 day moving average is $26.10 and its 200 day moving average is $26.19. KraneShares CSI China Internet ETF has a 12 month low of $22.68 and a 12 month high of $32.06. The stock has a market cap of $5.78 billion, a PE ratio of 20.84 and a beta of 1.28.

KraneShares CSI China Internet ETF Profile

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.