BW Gestao de Investimentos Ltda. Sells 263,700 Shares of KraneShares CSI China Internet ETF $KWEB

BW Gestao de Investimentos Ltda. cut its stake in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 44.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,100 shares of the company’s stock after selling 263,700 shares during the period. BW Gestao de Investimentos Ltda. owned 0.14% of KraneShares CSI China Internet ETF worth $13,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position 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 last quarter. PNC Financial Services Group Inc. grew its holdings in 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 in the last quarter. Picton Mahoney Asset Management acquired a new position in KraneShares CSI China Internet ETF in the 3rd quarter valued at $76,000. Mather Group LLC. bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth $84,000. Finally, Global Trust Asset Management LLC bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth $97,000.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $30.54 on Tuesday. The stock has a fifty day moving average of $34.03 and a 200-day moving average of $37.22. 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.