Clal Insurance Enterprises Holdings Ltd Decreases Stock Position in KraneShares CSI China Internet ETF $KWEB

Clal Insurance Enterprises Holdings Ltd cut its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,027,000 shares of the company’s stock after selling 650,000 shares during the period. KraneShares CSI China Internet ETF accounts for 1.0% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 27th largest position. Clal Insurance Enterprises Holdings Ltd owned about 1.27% of KraneShares CSI China Internet ETF worth $127,164,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KWEB. NewEdge Advisors LLC lifted its holdings in KraneShares CSI China Internet ETF by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after purchasing an additional 2,383 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the first quarter valued at about $1,518,000. World Investment Advisors raised its position in shares of KraneShares CSI China Internet ETF by 26.6% in the second quarter. World Investment Advisors now owns 52,710 shares of the company’s stock valued at $1,810,000 after buying an additional 11,085 shares during the last quarter. Helios Capital Management PTE. Ltd. lifted its stake in shares of KraneShares CSI China Internet ETF by 1,927.3% in the second quarter. Helios Capital Management PTE. Ltd. now owns 223,000 shares of the company’s stock worth $7,656,000 after buying an additional 212,000 shares in the last quarter. Finally, Titan Global Capital Management USA LLC boosted its position in KraneShares CSI China Internet ETF by 14.1% during the second quarter. Titan Global Capital Management USA LLC now owns 66,861 shares of the company’s stock worth $2,295,000 after acquiring an additional 8,276 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Down 1.3%

Shares of NYSE KWEB opened at $31.06 on Friday. KraneShares CSI China Internet ETF has a 12-month low of $27.83 and a 12-month high of $43.37. The company has a 50-day moving average of $34.58 and a 200 day moving average of $37.51.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.