KraneShares CSI China Internet ETF $KWEB Stake Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,781 shares of the company’s stock after acquiring an additional 31,291 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of KraneShares CSI China Internet ETF worth $4,623,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its holdings in KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares in the last quarter. JPL Wealth Management LLC bought a new stake in KraneShares CSI China Internet ETF during the third quarter worth approximately $34,000. Fortitude Family Office LLC bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth approximately $45,000. Compagnie Lombard Odier SCmA bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth approximately $45,000. Finally, International Assets Investment Management LLC bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth approximately $49,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB opened at $27.22 on Thursday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 1-year low of $26.23 and a 1-year high of $43.37. The company has a 50 day moving average price of $28.51 and a 200 day moving average price of $32.38.

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.