NWI Management LP Makes New $25.59 Million Investment in KraneShares CSI China Internet ETF $KWEB

NWI Management LP bought a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 900,000 shares of the company’s stock, valued at approximately $25,587,000. KraneShares CSI China Internet ETF accounts for 1.5% of NWI Management LP’s investment portfolio, making the stock its 16th largest holding. NWI Management LP owned about 0.40% of KraneShares CSI China Internet ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of KraneShares CSI China Internet ETF by 32.1% in the 1st quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after buying an additional 2,693,759 shares in the last quarter. Edgestream Partners L.P. bought a new position in KraneShares CSI China Internet ETF during the first quarter worth about $755,000. Polar Asset Management Partners Inc. bought a new position in KraneShares CSI China Internet ETF during the first quarter worth about $5,009,000. SummitTX Capital L.P. bought a new position in KraneShares CSI China Internet ETF during the first quarter worth about $389,000. Finally, Morningstar Investment Management LLC acquired a new position in KraneShares CSI China Internet ETF in the first quarter valued at about $8,959,000.

KraneShares CSI China Internet ETF Trading Up 1.5%

NYSEARCA:KWEB opened at $28.49 on Friday. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year high of $43.37. The stock has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $29.38. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35.

KraneShares CSI China Internet ETF 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.