LHM Inc. Sells 29,216 Shares of KraneShares CSI China Internet ETF $KWEB

LHM Inc. lowered its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 197,414 shares of the company’s stock after selling 29,216 shares during the quarter. KraneShares CSI China Internet ETF comprises approximately 2.5% of LHM Inc.’s portfolio, making the stock its 14th largest holding. LHM Inc. owned approximately 0.08% of KraneShares CSI China Internet ETF worth $6,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. increased its position in shares of KraneShares CSI China Internet ETF by 395.6% in the fourth quarter. Moors & Cabot Inc. now owns 36,178 shares of the company’s stock worth $1,232,000 after purchasing an additional 28,878 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in KraneShares CSI China Internet ETF by 3.2% during the fourth quarter. Bleakley Financial Group LLC now owns 329,518 shares of the company’s stock worth $11,220,000 after purchasing an additional 10,134 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter worth about $349,000. Prospera Financial Services Inc raised its holdings in shares of KraneShares CSI China Internet ETF by 59.3% during the 4th quarter. Prospera Financial Services Inc now owns 43,808 shares of the company’s stock valued at $1,492,000 after buying an additional 16,301 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth approximately $681,000.

KraneShares CSI China Internet ETF Trading Down 1.4%

KWEB opened at $26.66 on Friday. KraneShares CSI China Internet ETF has a 12 month low of $26.23 and a 12 month high of $43.37. The business’s 50-day moving average price is $28.62 and its 200-day moving average price is $32.72. The company has a market cap of $5.99 billion, a P/E ratio of 15.95 and a beta of 0.36.

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.