Sound Financial Strategies Group LLC Makes New Investment in KraneShares CSI China Internet ETF $KWEB

Sound Financial Strategies Group LLC acquired a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 224,005 shares of the company’s stock, valued at approximately $6,362,000. KraneShares CSI China Internet ETF makes up 4.0% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 6th largest holding. Sound Financial Strategies Group LLC owned 0.11% of KraneShares CSI China Internet ETF at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KWEB. Bank of America Corp DE increased its holdings in KraneShares CSI China Internet ETF by 32.1% during the first quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock worth $315,308,000 after buying an additional 2,693,759 shares during the last quarter. Temasek Holdings Private Ltd lifted its stake in KraneShares CSI China Internet ETF by 98.5% in the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after acquiring an additional 3,225,790 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Rafferty Asset Management LLC now owns 4,302,191 shares of the company’s stock valued at $146,490,000 after acquiring an additional 247,264 shares during the last quarter. Krane Funds Advisors LLC grew its position in shares of KraneShares CSI China Internet ETF by 19.6% in the 4th quarter. Krane Funds Advisors LLC now owns 3,856,700 shares of the company’s stock valued at $131,321,000 after acquiring an additional 631,799 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of KraneShares CSI China Internet ETF by 0.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after acquiring an additional 12,467 shares during the period.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock opened at $26.78 on Wednesday. The firm has a market capitalization of $5.30 billion, a PE ratio of 15.95 and a beta of 0.36. The company’s 50-day moving average is $26.50 and its 200-day moving average is $28.65. KraneShares CSI China Internet ETF has a fifty-two week low of $23.23 and a fifty-two week high of $43.37.

KraneShares CSI China Internet ETF Company Profile

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.