KraneShares CSI China Internet ETF $KWEB Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd cut its stake in KraneShares CSI China Internet ETF (NYSE:KWEB) by 17.7% in the third quarter, Holdings Channel reports. 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 about 1.0% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 27th largest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in KraneShares CSI China Internet ETF were worth $127,164,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 4,640.7% in the third quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after purchasing an additional 1,253 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of KraneShares CSI China Internet ETF by 113.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,494 shares of the company’s stock valued at $63,000 after buying an additional 794 shares during the period. Mather Group LLC. acquired a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $84,000. Global Trust Asset Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $97,000. Finally, Headlands Technologies LLC acquired a new position in KraneShares CSI China Internet ETF in the second quarter valued at approximately $134,000.

KraneShares CSI China Internet ETF Trading Down 1.3%

Shares of KraneShares CSI China Internet ETF stock opened at $31.06 on Friday. The stock has a 50 day moving average of $34.58 and a 200 day moving average of $37.51. KraneShares CSI China Internet ETF has a fifty-two week low of $27.83 and a fifty-two week high of $43.37.

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.