IMC Chicago LLC bought a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 356,606 shares of the company’s stock, valued at approximately $8,726,000.
A number of other institutional investors have also recently bought and sold shares of the stock. JPL Wealth Management LLC acquired a new position in KraneShares CSI China Internet ETF during the third quarter worth approximately $34,000. SBI Securities Co. Ltd. boosted its holdings in shares of KraneShares CSI China Internet ETF by 634.2% in the 4th 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 last quarter. Manchester Capital Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at $49,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of KraneShares CSI China Internet ETF during the 4th quarter worth $53,000.
KraneShares CSI China Internet ETF Trading Up 0.8%
Shares of KWEB opened at $26.32 on Friday. The firm has a market capitalization of $5.21 billion, a P/E ratio of 15.95 and a beta of 0.36. The stock’s fifty day simple moving average is $26.58 and its 200 day simple moving average is $28.23. KraneShares CSI China Internet ETF has a twelve month low of $23.23 and a twelve month 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.
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