Phoenix Financial Ltd. Cuts Stake in KraneShares CSI China Internet ETF $KWEB

Phoenix Financial Ltd. reduced its stake in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 18.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 210,211 shares of the company’s stock after selling 46,115 shares during the period. Phoenix Financial Ltd.’s holdings in KraneShares CSI China Internet ETF were worth $7,217,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KWEB. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 49.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 96,268 shares of the company’s stock worth $3,361,000 after acquiring an additional 32,013 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 12.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,849 shares of the company’s stock worth $2,264,000 after acquiring an additional 7,004 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of KraneShares CSI China Internet ETF by 13.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,539 shares of the company’s stock worth $857,000 after acquiring an additional 2,814 shares during the period. Whalen Wealth Management Inc. purchased a new position in shares of KraneShares CSI China Internet ETF during the 1st quarter worth about $1,239,000. Finally, Bessemer Group Inc. purchased a new position in shares of KraneShares CSI China Internet ETF during the 1st quarter worth about $219,328,000.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $40.36 on Tuesday. The firm has a 50 day moving average price of $39.78 and a 200 day moving average price of $35.80. KraneShares CSI China Internet ETF has a 1 year low of $27.27 and a 1 year high of $43.37.