NewEdge Advisors LLC increased its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 33.0% in the 1st quarter, Holdings Channel reports. The firm owned 177,811 shares of the company’s stock after buying an additional 44,150 shares during the quarter. NewEdge Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $5,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at $34,000. SBI Securities Co. Ltd. lifted its holdings in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after acquiring an additional 723 shares during the period. Manchester Capital Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $32,000. International Assets Investment Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $49,000. Finally, Sunbelt Securities Inc. bought a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at about $53,000.
KraneShares CSI China Internet ETF Stock Down 3.5%
NYSEARCA:KWEB opened at $28.09 on Wednesday. The firm has a market capitalization of $5.56 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 12-month low of $23.23 and a 12-month high of $43.37. The firm has a 50-day moving average price of $26.46 and a 200 day moving average price of $28.96.
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.
Read More
- Five stocks we like better than KraneShares CSI China Internet ETF
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding KWEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report).
Receive News & Ratings for KraneShares CSI China Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares CSI China Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
