Krane Funds Advisors LLC trimmed its position in KraneShares CSI China Internet ETF (NYSE:KWEB – Free Report) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,169,913 shares of the company’s stock after selling 1,299,800 shares during the period. KraneShares CSI China Internet ETF makes up approximately 5.0% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Krane Funds Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $121,314,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its stake in KraneShares CSI China Internet ETF by 466.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock valued at $25,000 after acquiring an additional 700 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth approximately $78,000. IFP Advisors Inc raised its holdings in shares of KraneShares CSI China Internet ETF by 553.4% in the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock valued at $97,000 after purchasing an additional 2,800 shares during the last quarter. FMR LLC boosted its holdings in KraneShares CSI China Internet ETF by 51.1% during the third quarter. FMR LLC now owns 3,409 shares of the company’s stock worth $116,000 after purchasing an additional 1,153 shares during the last quarter. Finally, DF Dent & Co. Inc. bought a new position in KraneShares CSI China Internet ETF in the third quarter valued at $204,000.
KraneShares CSI China Internet ETF Trading Down 9.4 %
Shares of KWEB stock opened at $31.31 on Monday. The firm’s fifty day moving average price is $34.57 and its two-hundred day moving average price is $32.41. KraneShares CSI China Internet ETF has a 1 year low of $24.68 and a 1 year high of $39.17.
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