KraneShares CSI China Internet ETF $KWEB Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 29.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,781 shares of the company’s stock after purchasing an additional 31,291 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in KraneShares CSI China Internet ETF were worth $4,623,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KWEB. SBI Securities Co. Ltd. lifted its position in shares of KraneShares CSI China Internet ETF by 634.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after acquiring an additional 723 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $34,000. Fortitude Family Office LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $45,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $45,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $49,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB opened at $27.22 on Thursday. The company has a market cap of $6.12 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 52 week low of $26.23 and a 52 week high of $43.37. The firm has a 50 day simple moving average of $28.51 and a 200 day simple moving average of $32.38.

About KraneShares CSI China Internet ETF

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.