KraneShares CSI China Internet ETF $KWEB Shares Sold by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC reduced its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,593 shares of the company’s stock after selling 76,323 shares during the quarter. KraneShares CSI China Internet ETF makes up 0.4% of Main Management ETF Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Main Management ETF Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $10,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KWEB. SBI Securities Co. Ltd. boosted its position in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after acquiring an additional 723 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $34,000. Fortitude Family Office LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $45,000. Compagnie Lombard Odier SCmA acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $45,000. Finally, International Assets Investment Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $49,000.

KraneShares CSI China Internet ETF Stock Performance

NYSEARCA:KWEB opened at $26.73 on Monday. The stock has a 50-day simple moving average of $28.56 and a 200-day simple moving average of $32.63. The stock has a market cap of $6.01 billion, a P/E ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 1 year low of $26.23 and a 1 year high of $43.37.

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.