KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Stock Holdings Lessened by Syon Capital LLC

Syon Capital LLC decreased its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 45.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 704,513 shares of the company’s stock after selling 585,426 shares during the period. KraneShares CSI China Internet ETF makes up 1.4% of Syon Capital LLC’s holdings, making the stock its 16th largest position. Syon Capital LLC’s holdings in KraneShares CSI China Internet ETF were worth $19,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KWEB. Essex Financial Services Inc. lifted its holdings in KraneShares CSI China Internet ETF by 5.1% in the third quarter. Essex Financial Services Inc. now owns 8,311 shares of the company’s stock valued at $227,000 after buying an additional 400 shares during the period. ORG Partners LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 2.1% during the 4th quarter. ORG Partners LLC now owns 35,730 shares of the company’s stock worth $965,000 after buying an additional 744 shares during the last quarter. Perigon Wealth Management LLC raised its stake in KraneShares CSI China Internet ETF by 7.7% in the 4th quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock worth $303,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC acquired a new stake in KraneShares CSI China Internet ETF in the 3rd quarter worth about $25,000. Finally, Sterneck Capital Management LLC increased its holdings in KraneShares CSI China Internet ETF by 1.3% in the 3rd quarter. Sterneck Capital Management LLC now owns 92,684 shares of the company’s stock valued at $2,537,000 after buying an additional 1,216 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock traded up $0.79 during midday trading on Friday, hitting $28.80. 21,382,137 shares of the company traded hands, compared to its average volume of 21,883,244. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 20.84 and a beta of 1.28. The firm’s fifty day moving average price is $26.16 and its 200-day moving average price is $26.20. KraneShares CSI China Internet ETF has a 12 month low of $22.68 and a 12 month high of $32.06.

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.