Maltin Wealth Management Inc. Purchases 5,309 Shares of KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP)

Maltin Wealth Management Inc. lifted its position in shares of KraneShares China Internet and Covered Call Strategy ETF (NYSEARCA:KLIP) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,757 shares of the company’s stock after purchasing an additional 5,309 shares during the quarter. Maltin Wealth Management Inc. owned 0.17% of KraneShares China Internet and Covered Call Strategy ETF worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Market Strategies LLC raised its holdings in shares of KraneShares China Internet and Covered Call Strategy ETF by 14.8% during the fourth quarter. Capital Market Strategies LLC now owns 12,646 shares of the company’s stock worth $206,000 after acquiring an additional 1,631 shares during the period. Stegent Equity Advisors Inc. bought a new stake in shares of KraneShares China Internet and Covered Call Strategy ETF during the 4th quarter worth about $268,000. B. Riley Wealth Advisors Inc. bought a new stake in KraneShares China Internet and Covered Call Strategy ETF in the 3rd quarter valued at about $330,000. Finally, AlphaStar Capital Management LLC boosted its holdings in 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 purchasing an additional 144,903 shares during the period.

KraneShares China Internet and Covered Call Strategy ETF Stock Down 0.5 %

Shares of NYSEARCA:KLIP traded down $0.06 during midday trading on Friday, hitting $12.90. The stock had a trading volume of 341,384 shares, compared to its average volume of 267,484. The company’s 50-day moving average price is $14.37 and its 200-day moving average price is $14.92. The company has a market capitalization of $159.96 million, a P/E ratio of 17.03 and a beta of 0.58. KraneShares China Internet and Covered Call Strategy ETF has a fifty-two week low of $12.88 and a fifty-two week high of $19.62.

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.