Segantii Capital Management Ltd Reduces Stock Holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Segantii Capital Management Ltd cut its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 13.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,470,000 shares of the company’s stock after selling 375,000 shares during the period. KraneShares CSI China Internet ETF makes up approximately 3.5% of Segantii Capital Management Ltd’s holdings, making the stock its 7th largest holding. Segantii Capital Management Ltd’s holdings in KraneShares CSI China Internet ETF were worth $66,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in KraneShares CSI China Internet ETF during the third quarter worth $25,000. NBC Securities Inc. bought a new stake in KraneShares CSI China Internet ETF in the third quarter valued at about $38,000. Solstein Capital LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $38,000. Institutional & Family Asset Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $44,000. Finally, EPG Wealth Management LLC lifted its position in shares of KraneShares CSI China Internet ETF by 133.5% during the 3rd quarter. EPG Wealth Management LLC now owns 3,061 shares of the company’s stock worth $84,000 after buying an additional 1,750 shares during the period.

KraneShares CSI China Internet ETF Stock Up 2.0 %

KraneShares CSI China Internet ETF stock traded up $0.59 during mid-day trading on Thursday, hitting $30.16. 19,163,020 shares of the company were exchanged, compared to its average volume of 22,075,361. The company has a market capitalization of $5.98 billion, a PE ratio of 22.48 and a beta of 1.30. The business has a fifty day moving average of $26.83 and a 200 day moving average of $26.33. KraneShares CSI China Internet ETF has a 1-year low of $22.68 and a 1-year 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.