3EDGE Asset Management LP Has $1 Million Stock Position in KraneShares CSI China Internet ETF $KWEB

3EDGE Asset Management LP cut its holdings in KraneShares CSI China Internet ETF (NYSE:KWEB) by 60.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,805 shares of the company’s stock after selling 36,298 shares during the period. 3EDGE Asset Management LP’s holdings in KraneShares CSI China Internet ETF were worth $1,000,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in KraneShares CSI China Internet ETF by 11.3% in the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after purchasing an additional 2,383 shares in the last quarter. Empowered Funds LLC bought a new stake in KraneShares CSI China Internet ETF during the 1st quarter worth about $1,518,000. Magnus Financial Group LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 3.2% during the 2nd quarter. Magnus Financial Group LLC now owns 15,303 shares of the company’s stock worth $525,000 after buying an additional 477 shares during the last quarter. Highline Wealth Partners LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 124.1% during the 2nd quarter. Highline Wealth Partners LLC now owns 6,741 shares of the company’s stock worth $231,000 after buying an additional 3,733 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 82.5% in the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after acquiring an additional 531 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Up 0.9%

NYSE:KWEB opened at $35.89 on Friday. KraneShares CSI China Internet ETF has a 52-week low of $27.83 and a 52-week high of $43.37. The stock’s 50-day simple moving average is $36.35 and its 200 day simple moving average is $37.81.

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.