KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Stake Cut by Segantii Capital Management Ltd

Segantii Capital Management Ltd cut its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,470,000 shares of the company’s stock after selling 375,000 shares during the period. KraneShares CSI China Internet ETF accounts for approximately 3.5% of Segantii Capital Management Ltd’s portfolio, making the stock its 7th largest holding. Segantii Capital Management Ltd owned approximately 1.28% of KraneShares CSI China Internet ETF worth $66,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KWEB. Essex Financial Services Inc. raised its stake in KraneShares CSI China Internet ETF by 5.1% in the third quarter. Essex Financial Services Inc. now owns 8,311 shares of the company’s stock valued at $227,000 after purchasing an additional 400 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 2.1% during the 4th quarter. ORG Partners LLC now owns 35,730 shares of the company’s stock worth $965,000 after acquiring an additional 744 shares during the last quarter. Perigon Wealth Management LLC grew its position in KraneShares CSI China Internet ETF by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock worth $303,000 after acquiring an additional 800 shares in the last quarter. Headlands Technologies LLC bought a new position in KraneShares CSI China Internet ETF in the third quarter valued at $25,000. Finally, Sterneck Capital Management LLC raised its position in KraneShares CSI China Internet ETF by 1.3% during the third quarter. Sterneck Capital Management LLC now owns 92,684 shares of the company’s stock valued at $2,537,000 after purchasing an additional 1,216 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock traded up $0.59 during mid-day trading on Thursday, hitting $30.16. The company’s stock had a trading volume of 19,163,020 shares, compared to its average volume of 22,075,361. The business has a 50 day moving average price of $26.83 and a 200-day moving average price of $26.33. 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 $5.98 billion, a price-to-earnings ratio of 22.48 and a beta of 1.30.

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.