KraneShares CSI China Internet ETF $KWEB Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 60.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,553,474 shares of the company’s stock after selling 3,945,908 shares during the period. Temasek Holdings Private Ltd’s holdings in KraneShares CSI China Internet ETF were worth $72,595,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. GFG Capital LLC acquired a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $668,000. Robinhood Asset Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at about $54,053,000. NewEdge Wealth LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 67.8% during the fourth quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock valued at $7,514,000 after acquiring an additional 89,143 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of KraneShares CSI China Internet ETF by 31.7% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 250,929 shares of the company’s stock valued at $8,544,000 after purchasing an additional 60,411 shares during the last quarter. Finally, Quattro Financial Advisors LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $2,676,000.

KraneShares CSI China Internet ETF Stock Down 1.5%

KWEB stock opened at $27.02 on Wednesday. The firm has a 50 day moving average of $26.44 and a 200 day moving average of $29.81. The stock has a market capitalization of $5.35 billion, a PE 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.

KraneShares CSI China Internet ETF Company 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.