KraneShares CSI China Internet ETF $KWEB Shares Sold by Stelac Advisory Services LLC

Stelac Advisory Services LLC reduced its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 71.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,553 shares of the company’s stock after selling 73,202 shares during the period. Stelac Advisory Services LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in KraneShares CSI China Internet ETF by 4,640.7% in the third quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after buying an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in KraneShares CSI China Internet ETF by 113.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,494 shares of the company’s stock worth $63,000 after buying an additional 794 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $76,000. Mather Group LLC. acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $84,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at about $97,000.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSEARCA KWEB traded up $0.37 during midday trading on Friday, hitting $30.43. 4,910,986 shares of the company’s stock were exchanged, compared to its average volume of 26,669,420. KraneShares CSI China Internet ETF has a twelve month low of $27.83 and a twelve month high of $43.37. The company has a market cap of $7.36 billion, a PE ratio of 15.95 and a beta of 0.25. The firm’s fifty day simple moving average is $33.81 and its 200-day simple moving average is $37.07.

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.