Spinnaker Trust trimmed its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,343 shares of the company’s stock after selling 49,730 shares during the period. KraneShares CSI China Internet ETF makes up 1.1% of Spinnaker Trust’s investment portfolio, making the stock its 21st largest holding. Spinnaker Trust owned about 0.21% of KraneShares CSI China Internet ETF worth $15,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooper Financial Group purchased a new position in shares of KraneShares CSI China Internet ETF in the 1st quarter valued at $275,000. CIBC World Markets Inc. grew its position in shares of KraneShares CSI China Internet ETF by 7.2% in the 1st quarter. CIBC World Markets Inc. now owns 37,417 shares of the company’s stock valued at $2,857,000 after buying an additional 2,519 shares during the last quarter. Millennium Management LLC grew its position in shares of KraneShares CSI China Internet ETF by 48.1% in the 1st quarter. Millennium Management LLC now owns 45,413 shares of the company’s stock valued at $3,467,000 after buying an additional 14,745 shares during the last quarter. Morgan Stanley grew its position in KraneShares CSI China Internet ETF by 14.2% during the 1st quarter. Morgan Stanley now owns 4,124,289 shares of the company’s stock worth $314,890,000 after purchasing an additional 514,391 shares during the last quarter. Finally, Point Break Capital Management LLC purchased a new position in KraneShares CSI China Internet ETF during the 1st quarter worth $369,000.