Krane Funds Advisors LLC Decreases Stock Holdings in KraneShares CSI China Internet ETF (NYSE:KWEB)

Krane Funds Advisors LLC lowered its stake in KraneShares CSI China Internet ETF (NYSE:KWEB) by 23.8% in 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 accounts for 5.0% of Krane Funds Advisors LLC’s portfolio, making the stock its 10th largest position. Krane Funds Advisors LLC owned 2.13% of KraneShares CSI China Internet ETF worth $121,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB raised its stake in shares of KraneShares CSI China Internet ETF by 466.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock worth $25,000 after buying an additional 700 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at $78,000. IFP Advisors Inc boosted its position in shares of KraneShares CSI China Internet ETF by 553.4% in the 4th quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock worth $97,000 after purchasing an additional 2,800 shares during the last quarter. FMR LLC grew its stake in shares of 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 period. Finally, DF Dent & Co. Inc. bought a new stake in KraneShares CSI China Internet ETF in the third quarter valued at about $204,000.

KraneShares CSI China Internet ETF Stock Down 9.4 %

Shares of KWEB stock opened at $31.31 on Monday. The stock has a 50-day moving average of $34.57 and a 200-day moving average of $32.41. KraneShares CSI China Internet ETF has a one year low of $24.68 and a one year high of $39.17.