Kingsview Wealth Management LLC Sells 157,977 Shares of KraneShares CSI China Internet ETF $KWEB

Kingsview Wealth Management LLC trimmed its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,713 shares of the company’s stock after selling 157,977 shares during the period. Kingsview Wealth Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in shares of KraneShares CSI China Internet ETF by 12.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock worth $299,561,000 after purchasing an additional 791,095 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in KraneShares CSI China Internet ETF by 0.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after acquiring an additional 12,467 shares during the period. Krane Funds Advisors LLC raised its stake in KraneShares CSI China Internet ETF by 4.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock valued at $126,658,000 after acquiring an additional 151,300 shares during the period. Quadrature Capital Ltd raised its stake in KraneShares CSI China Internet ETF by 350.0% in the 3rd quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after acquiring an additional 1,849,107 shares during the period. Finally, Bank of Nova Scotia bought a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at about $95,497,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock opened at $27.13 on Friday. KraneShares CSI China Internet ETF has a 52-week low of $26.23 and a 52-week high of $43.37. The stock’s 50-day simple moving average is $28.48 and its 200 day simple moving average is $32.30. The stock has a market capitalization of $6.10 billion, a P/E ratio of 15.95 and a beta of 0.34.

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.