Morningstar Investment Management LLC Purchases New Holdings in KraneShares CSI China Internet ETF $KWEB

Morningstar Investment Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the first quarter, Holdings Channel reports. The firm purchased 315,109 shares of the company’s stock, valued at approximately $8,959,000.

A number of other hedge funds have also recently added to or reduced their stakes in KWEB. GFG Capital LLC acquired a new position in KraneShares CSI China Internet ETF in the 4th quarter valued at $668,000. Robinhood Asset Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $54,053,000. NewEdge Wealth LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 67.8% during the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after purchasing an additional 89,143 shares in the last quarter. Temasek Holdings Private Ltd grew its holdings in shares of KraneShares CSI China Internet ETF by 98.5% during the 4th quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of KraneShares CSI China Internet ETF by 31.7% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 250,929 shares of the company’s stock worth $8,544,000 after purchasing an additional 60,411 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA KWEB opened at $26.29 on Friday. The stock has a market capitalization of $5.20 billion, a P/E ratio of 15.95 and a beta of 0.35. The stock’s fifty day moving average is $26.26 and its 200 day moving average is $29.67. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37.

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.