Cresset Asset Management LLC Decreases Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Cresset Asset Management LLC reduced its holdings in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 37.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,252 shares of the company’s stock after selling 17,586 shares during the quarter. Cresset Asset Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of KraneShares CSI China Internet ETF by 83.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock worth $641,000 after buying an additional 8,479 shares during the last quarter. KG&L Capital Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 2nd quarter worth approximately $443,000. ABC Arbitrage SA raised its stake in shares of KraneShares CSI China Internet ETF by 5.0% in the second quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock valued at $1,152,000 after buying an additional 1,600 shares during the period. Baird Financial Group Inc. bought a new stake in shares of KraneShares CSI China Internet ETF in the first quarter valued at approximately $834,000. Finally, FACTORIAL MANAGEMENT Ltd bought a new position in KraneShares CSI China Internet ETF in the 2nd quarter worth approximately $2,022,000.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB opened at $37.19 on Thursday. The stock’s 50-day simple moving average is $39.20 and its 200 day simple moving average is $37.48. KraneShares CSI China Internet ETF has a 52-week low of $27.27 and a 52-week high of $43.37.