Steadtrust LLC Acquires Shares of 23,700 KraneShares CSI China Internet ETF $KWEB

Steadtrust LLC bought a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,700 shares of the company’s stock, valued at approximately $580,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its stake in shares of 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 valued at $28,000 after acquiring an additional 723 shares during the period. Manchester Capital Management LLC bought a new position in KraneShares CSI China Internet ETF in the fourth quarter valued at about $32,000. JPL Wealth Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the third quarter worth about $34,000. International Assets Investment Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $49,000. Finally, Sankala Group LLC bought a new stake in KraneShares CSI China Internet ETF during the 4th quarter worth about $51,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB opened at $28.66 on Monday. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year high of $43.37. The stock has a market capitalization of $5.67 billion, a P/E ratio of 15.95 and a beta of 0.36. The business has a 50-day moving average price of $26.43 and a two-hundred day moving average price of $29.05.

About KraneShares CSI China Internet ETF

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.