LHM Inc. trimmed its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 12.9% during the 4th quarter, HoldingsChannel reports. The fund owned 197,414 shares of the company’s stock after selling 29,216 shares during the quarter. KraneShares CSI China Internet ETF comprises 2.5% of LHM Inc.’s holdings, making the stock its 14th biggest position. LHM Inc.’s holdings in KraneShares CSI China Internet ETF were worth $6,722,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Moors & Cabot Inc. increased its position in shares of KraneShares CSI China Internet ETF by 395.6% during the fourth quarter. Moors & Cabot Inc. now owns 36,178 shares of the company’s stock valued at $1,232,000 after acquiring an additional 28,878 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in KraneShares CSI China Internet ETF by 3.2% during the 4th quarter. Bleakley Financial Group LLC now owns 329,518 shares of the company’s stock valued at $11,220,000 after purchasing an additional 10,134 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter worth $349,000. Prospera Financial Services Inc raised its stake in shares of KraneShares CSI China Internet ETF by 59.3% in the fourth quarter. Prospera Financial Services Inc now owns 43,808 shares of the company’s stock worth $1,492,000 after purchasing an additional 16,301 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at $681,000.
KraneShares CSI China Internet ETF Stock Performance
NYSEARCA KWEB opened at $26.66 on Friday. KraneShares CSI China Internet ETF has a one year low of $26.23 and a one year high of $43.37. The stock has a 50-day moving average of $28.62 and a 200 day moving average of $32.72. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36.
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.
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