Group One Trading LLC Trims Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Group One Trading LLC lessened its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 88.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 773,311 shares of the company’s stock after selling 5,846,348 shares during the quarter. Group One Trading LLC owned 0.34% of KraneShares CSI China Internet ETF worth $21,985,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the first quarter worth approximately $1,518,000. Creative Planning increased its stake in shares of KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after buying an additional 2,579 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of KraneShares CSI China Internet ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after buying an additional 683 shares during the last quarter. Finally, Main Street Financial Solutions LLC acquired a new stake in KraneShares CSI China Internet ETF in the second quarter valued at $275,000.

KraneShares CSI China Internet ETF Price Performance

NYSEARCA KWEB opened at $26.44 on Thursday. KraneShares CSI China Internet ETF has a 12 month low of $23.23 and a 12 month high of $43.37. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. The company’s fifty day moving average price is $26.36 and its two-hundred day moving average price is $29.76.

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.