KraneShares CSI China Internet ETF $KWEB Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 56.5% during the first quarter, Holdings Channel reports. The firm owned 45,756 shares of the company’s stock after selling 59,551 shares during the period. Private Advisor Group LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KWEB. SBI Securities Co. Ltd. boosted its holdings in KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at $32,000. JPL Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at $34,000. Fortitude Family Office LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $45,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $45,000.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSEARCA KWEB opened at $26.38 on Monday. The stock’s fifty day simple moving average is $26.77 and its 200 day simple moving average is $30.19. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week 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.