Steadtrust LLC purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,700 shares of the company’s stock, valued at approximately $580,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPL Wealth Management LLC bought a new stake in KraneShares CSI China Internet ETF in the third quarter valued at about $34,000. SBI Securities Co. Ltd. lifted its stake in KraneShares CSI China Internet ETF by 634.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth about $32,000. International Assets Investment Management LLC bought a new position in KraneShares CSI China Internet ETF during the fourth quarter worth about $49,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $53,000.
KraneShares CSI China Internet ETF Stock Performance
KraneShares CSI China Internet ETF stock opened at $28.66 on Monday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 15.95 and a beta of 0.36. The business has a 50-day moving average of $26.43 and a 200-day moving average of $29.05. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year high of $43.37.
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.
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