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

Kingsview Wealth Management LLC cut its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 95.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Banque Cantonale Vaudoise raised its stake in shares of KraneShares CSI China Internet ETF by 2.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock worth $418,000 after purchasing an additional 284 shares during the period. Magnus Financial Group LLC raised its stake in shares of KraneShares CSI China Internet ETF by 2.4% during the 4th quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock worth $541,000 after purchasing an additional 380 shares during the period. Highline Wealth Partners LLC raised its stake in shares of KraneShares CSI China Internet ETF by 5.6% during the 4th quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock worth $272,000 after purchasing an additional 424 shares during the period. Larson Financial Group LLC raised its stake in shares of KraneShares CSI China Internet ETF by 6.1% during the 4th quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock worth $289,000 after purchasing an additional 487 shares during the period. Finally, Signaturefd LLC raised its stake in shares of KraneShares CSI China Internet ETF by 3.8% during the 4th quarter. Signaturefd LLC now owns 13,927 shares of the company’s stock worth $474,000 after purchasing an additional 512 shares during the period.

KraneShares CSI China Internet ETF Price Performance

NYSEARCA KWEB opened at $27.13 on Friday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a one year low of $26.23 and a one year high of $43.37. The business’s fifty day moving average is $28.48 and its 200-day moving average is $32.30.

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.