KraneShares CSI China Internet ETF $KWEB Shares Sold by Ping Capital Management Inc.

Ping Capital Management Inc. lessened its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 52.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 225,000 shares of the company’s stock after selling 245,000 shares during the period. KraneShares CSI China Internet ETF comprises approximately 3.2% of Ping Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Ping Capital Management Inc. owned about 0.09% of KraneShares CSI China Internet ETF worth $9,452,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KWEB. Quaker Wealth Management LLC lifted its holdings in KraneShares CSI China Internet ETF by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. ORG Partners LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 82.5% during the second quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock worth $40,000 after buying an additional 531 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of KraneShares CSI China Internet ETF during the third quarter worth approximately $84,000. Global Trust Asset Management LLC bought a new position in shares of KraneShares CSI China Internet ETF in the third quarter valued at approximately $97,000. Finally, Headlands Technologies LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 2nd quarter worth approximately $134,000.

KraneShares CSI China Internet ETF Stock Performance

NYSE KWEB opened at $35.90 on Friday. The stock’s 50 day simple moving average is $36.30 and its 200 day simple moving average is $37.85. KraneShares CSI China Internet ETF has a one year low of $27.83 and a one year 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.