Clal Insurance Enterprises Holdings Ltd cut its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 53.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,416,516 shares of the company’s stock after selling 1,610,484 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in KraneShares CSI China Internet ETF were worth $48,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in KWEB. NewEdge Advisors LLC lifted its stake in KraneShares CSI China Internet ETF by 11.3% in the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares during the last quarter. Empowered Funds LLC bought a new stake in KraneShares CSI China Internet ETF in the first quarter valued at $1,518,000. Creative Planning lifted its stake in KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after buying an additional 2,579 shares during the last quarter. Baird Financial Group Inc. lifted its stake in KraneShares CSI China Internet ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock valued at $844,000 after buying an additional 683 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in KraneShares CSI China Internet ETF in the second quarter valued at $275,000.
KraneShares CSI China Internet ETF Stock Performance
KWEB stock opened at $26.49 on Friday. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a 1 year low of $25.90 and a 1 year high of $43.37. The stock’s fifty day moving average is $28.25 and its two-hundred day moving average is $31.88.
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.
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Want to see what other hedge funds are holding KWEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report).
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