HighTower Advisors LLC Cuts Position in KraneShares CSI China Internet ETF (NYSE:KWEB)

HighTower Advisors LLC cut its stake in KraneShares CSI China Internet ETF (NYSE:KWEB) by 14.4% in the 4th quarter, Holdings Channel reports. The fund owned 307,500 shares of the company’s stock after selling 51,912 shares during the quarter. HighTower Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $8,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its position in KraneShares CSI China Internet ETF by 466.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 850 shares of the company’s stock worth $25,000 after acquiring an additional 700 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at about $78,000. IFP Advisors Inc boosted its position in KraneShares CSI China Internet ETF by 553.4% during the fourth quarter. IFP Advisors Inc now owns 3,306 shares of the company’s stock valued at $97,000 after buying an additional 2,800 shares during the period. FMR LLC boosted its position in KraneShares CSI China Internet ETF by 51.1% during the third quarter. FMR LLC now owns 3,409 shares of the company’s stock valued at $116,000 after buying an additional 1,153 shares during the period. Finally, Private Trust Co. NA purchased a new stake in KraneShares CSI China Internet ETF during the third quarter valued at about $170,000.

KraneShares CSI China Internet ETF Stock Performance

NYSE KWEB opened at $38.29 on Tuesday. The company has a 50-day simple moving average of $32.71 and a two-hundred day simple moving average of $31.44. KraneShares CSI China Internet ETF has a 12-month low of $24.68 and a 12-month high of $39.17.