Sovereign Financial Group Inc. Buys Shares of 9,538 KraneShares CSI China Internet ETF $KWEB

Sovereign Financial Group Inc. bought a new stake in KraneShares CSI China Internet ETF (NYSE:KWEBFree Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,538 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KWEB. Cetera Investment Advisers boosted its position in shares of KraneShares CSI China Internet ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 41,257 shares of the company’s stock worth $1,440,000 after buying an additional 299 shares during the period. Viewpoint Capital Management LLC boosted its position in shares of KraneShares CSI China Internet ETF by 0.3% during the second quarter. Viewpoint Capital Management LLC now owns 108,476 shares of the company’s stock worth $3,724,000 after buying an additional 320 shares during the period. World Investment Advisors boosted its position in shares of KraneShares CSI China Internet ETF by 1.0% during the first quarter. World Investment Advisors now owns 41,625 shares of the company’s stock worth $1,453,000 after buying an additional 424 shares during the period. Magnus Financial Group LLC boosted its position in shares of KraneShares CSI China Internet ETF by 3.2% during the second quarter. Magnus Financial Group LLC now owns 15,303 shares of the company’s stock worth $525,000 after buying an additional 477 shares during the period. Finally, ORG Partners LLC boosted its position in shares of KraneShares CSI China Internet ETF by 82.5% during the second quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock worth $40,000 after buying an additional 531 shares during the period.

KraneShares CSI China Internet ETF Trading Down 7.0%

Shares of NYSE KWEB opened at $38.44 on Monday. The stock has a 50 day simple moving average of $39.29 and a 200-day simple moving average of $35.58. KraneShares CSI China Internet ETF has a 12-month low of $27.27 and a 12-month high of $43.37.

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Institutional Ownership by Quarter for KraneShares CSI China Internet ETF (NYSE:KWEB)

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