Sovereign Financial Group Inc. Makes New Investment in KraneShares CSI China Internet ETF $KWEB

Sovereign Financial Group Inc. bought a new position in KraneShares CSI China Internet ETF (NYSE:KWEB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,538 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors have also recently added to or reduced their stakes in KWEB. Wealth Enhancement Advisory Services LLC lifted its position in KraneShares CSI China Internet ETF by 49.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 96,268 shares of the company’s stock worth $3,361,000 after purchasing an additional 32,013 shares during the period. Northstar Group Inc. increased its holdings in shares of KraneShares CSI China Internet ETF by 47.6% in the first quarter. Northstar Group Inc. now owns 11,608 shares of the company’s stock valued at $405,000 after buying an additional 3,745 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 12.1% in the first quarter. Janney Montgomery Scott LLC now owns 64,849 shares of the company’s stock valued at $2,264,000 after buying an additional 7,004 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of KraneShares CSI China Internet ETF in the first quarter valued at $105,000. Finally, Global Trust Asset Management LLC bought a new position in shares of KraneShares CSI China Internet ETF in the first quarter valued at $99,000.

KraneShares CSI China Internet ETF Stock Down 7.0%

NYSE KWEB opened at $38.44 on Monday. KraneShares CSI China Internet ETF has a 1 year low of $27.27 and a 1 year high of $43.37. The business’s fifty day moving average is $39.29 and its two-hundred day moving average is $35.58.