KraneShares CSI China Internet ETF $KWEB Stock Position Increased by Quantitative Investment Management LLC

Quantitative Investment Management LLC grew its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 257.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 557,530 shares of the company’s stock after acquiring an additional 401,606 shares during the quarter. KraneShares CSI China Internet ETF comprises approximately 1.5% of Quantitative Investment Management LLC’s portfolio, making the stock its 8th biggest position. Quantitative Investment Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $13,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $34,000. SBI Securities Co. Ltd. increased 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 worth $28,000 after buying an additional 723 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in KraneShares CSI China Internet ETF in the 4th quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter worth $49,000. Finally, Sunbelt Securities Inc. bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at about $53,000.

KraneShares CSI China Internet ETF Stock Performance

KWEB stock opened at $26.32 on Monday. The company has a market capitalization of $5.21 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a one year low of $23.23 and a one year high of $43.37. The company’s fifty day moving average price is $26.58 and its 200-day moving average price is $28.19.

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.