Syon Capital LLC Sells 585,426 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Syon Capital LLC cut its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 45.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 704,513 shares of the company’s stock after selling 585,426 shares during the period. KraneShares CSI China Internet ETF comprises approximately 1.4% of Syon Capital LLC’s portfolio, making the stock its 16th largest position. Syon Capital LLC owned about 0.36% of KraneShares CSI China Internet ETF worth $19,022,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at approximately $25,000. NBC Securities Inc. purchased a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth $38,000. Solstein Capital LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $38,000. Institutional & Family Asset Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth $44,000. Finally, EPG Wealth Management LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 133.5% during the 3rd quarter. EPG Wealth Management LLC now owns 3,061 shares of the company’s stock worth $84,000 after acquiring an additional 1,750 shares during the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB stock traded up $0.79 on Friday, hitting $28.80. 21,382,137 shares of the stock traded hands, compared to its average volume of 21,883,244. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 20.84 and a beta of 1.28. The firm has a 50 day simple moving average of $26.16 and a two-hundred day simple moving average of $26.20. KraneShares CSI China Internet ETF has a 52 week low of $22.68 and a 52 week high of $32.06.

About KraneShares CSI China Internet ETF

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.