B. Riley Wealth Advisors Inc. Reduces Position in KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP)

B. Riley Wealth Advisors Inc. lessened its stake in shares of KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 16,672 shares of the company’s stock after selling 2,492 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in KraneShares China Internet and Covered Call Strategy ETF were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Capital Market Strategies LLC boosted its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 14.8% in the 4th quarter. Capital Market Strategies LLC now owns 12,646 shares of the company’s stock valued at $206,000 after acquiring an additional 1,631 shares during the last quarter. Maltin Wealth Management Inc. purchased a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the 4th quarter valued at $235,000. Stegent Equity Advisors Inc. purchased a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF in the 4th quarter valued at $268,000. Finally, AlphaStar Capital Management LLC boosted its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 88.7% in the 4th quarter. AlphaStar Capital Management LLC now owns 308,179 shares of the company’s stock valued at $5,014,000 after acquiring an additional 144,903 shares during the last quarter.

KraneShares China Internet and Covered Call Strategy ETF Price Performance

KLIP stock opened at $13.71 on Thursday. The firm’s fifty day simple moving average is $14.40 and its 200-day simple moving average is $14.93. The company has a market capitalization of $170.00 million, a P/E ratio of 17.03 and a beta of 0.58. KraneShares China Internet and Covered Call Strategy ETF has a 12 month low of $13.69 and a 12 month high of $19.75.

KraneShares China Internet and Covered Call Strategy ETF Profile

The KraneShares Trust – KraneShares China Internet and Covered Call Strategy ETF (KLIP) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund is a fund-of-fund that tracks an index of China-based internet stocks and sells one-month, at-the-money call options on the full amount of the portfolio.