Ascentis Independent Advisors Buys Shares of 23,218 KraneShares CSI China Internet ETF $KWEB

Ascentis Independent Advisors purchased a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,218 shares of the company’s stock, valued at approximately $660,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position 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 purchasing an additional 723 shares during the period. Manchester Capital Management LLC purchased a new stake in KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $32,000. JPL Wealth Management LLC acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $34,000. Fortitude Family Office LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $45,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter valued at approximately $45,000.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB stock opened at $26.41 on Thursday. The business’s fifty day moving average price is $26.84 and its 200 day moving average price is $30.32. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year high of $43.37. The firm has a market capitalization of $5.25 billion, a PE 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.