Titan Wealth CI Ltd Buys Shares of 320,191 KraneShares CSI China Internet ETF $KWEB

Titan Wealth CI Ltd bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 320,191 shares of the company’s stock, valued at approximately $10,903,000. KraneShares CSI China Internet ETF makes up about 4.2% of Titan Wealth CI Ltd’s holdings, making the stock its 6th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in KWEB. NewEdge Advisors LLC grew its holdings in KraneShares CSI China Internet ETF by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares in the last quarter. Empowered Funds LLC purchased a new position in KraneShares CSI China Internet ETF during the 1st quarter valued at about $1,518,000. Creative Planning grew its holdings in KraneShares CSI China Internet ETF by 38.9% during the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after buying an additional 2,579 shares in the last quarter. Baird Financial Group Inc. grew its holdings in KraneShares CSI China Internet ETF by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock valued at $844,000 after buying an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in KraneShares CSI China Internet ETF during the 2nd quarter valued at about $275,000.

KraneShares CSI China Internet ETF Stock Down 2.8%

KWEB stock opened at $25.88 on Wednesday. The firm has a market capitalization of $5.82 billion, a PE ratio of 15.95 and a beta of 0.34. The stock has a 50-day simple moving average of $28.18 and a two-hundred day simple moving average of $31.68. KraneShares CSI China Internet ETF has a twelve month low of $25.82 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.