Investment House LLC Sells 24,624 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Investment House LLC decreased its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company’s stock after selling 24,624 shares during the quarter. Investment House LLC’s holdings in KraneShares CSI China Internet ETF were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in KraneShares CSI China Internet ETF during the third quarter valued at about $260,000. B. Riley Wealth Advisors Inc. bought a new position in KraneShares CSI China Internet ETF during the third quarter valued at $259,000. Perigon Wealth Management LLC grew its holdings in KraneShares CSI China Internet ETF by 7.7% during the fourth quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock valued at $303,000 after purchasing an additional 800 shares during the period. Solstein Capital LLC purchased a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth $38,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of KraneShares CSI China Internet ETF by 15.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock valued at $6,282,000 after buying an additional 30,563 shares during the period.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSEARCA KWEB opened at $28.21 on Tuesday. The stock has a market capitalization of $5.83 billion, a PE ratio of 20.84 and a beta of 1.28. KraneShares CSI China Internet ETF has a one year low of $22.68 and a one year high of $32.06. The business’s fifty day moving average price is $26.29 and its 200-day moving average price is $26.19.

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.