Phoenix Financial Ltd. Trims Holdings in KraneShares CSI China Internet ETF $KWEB

Phoenix Financial Ltd. trimmed its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 18.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,211 shares of the company’s stock after selling 46,115 shares during the period. Phoenix Financial Ltd. owned about 0.11% of KraneShares CSI China Internet ETF worth $7,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in KraneShares CSI China Internet ETF in the 1st quarter valued at about $219,328,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in KraneShares CSI China Internet ETF by 75.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,177,000 shares of the company’s stock valued at $145,819,000 after purchasing an additional 1,800,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in KraneShares CSI China Internet ETF in the 1st quarter valued at about $126,065,000. National Bank of Canada FI lifted its holdings in KraneShares CSI China Internet ETF by 83.7% in the 1st quarter. National Bank of Canada FI now owns 2,316,036 shares of the company’s stock valued at $80,843,000 after purchasing an additional 1,055,227 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new position in KraneShares CSI China Internet ETF in the 1st quarter valued at about $63,838,000.

KraneShares CSI China Internet ETF Stock Performance

NYSE:KWEB opened at $40.36 on Tuesday. The company’s 50-day moving average is $39.78 and its two-hundred day moving average is $35.80. KraneShares CSI China Internet ETF has a 12-month low of $27.27 and a 12-month high of $43.37.