Lake Hills Wealth Management LLC Purchases 22,053 Shares of KraneShares CSI China Internet ETF $KWEB

Lake Hills Wealth Management LLC grew its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 9.4% in the 3rd quarter, Holdings Channel reports. The fund owned 257,240 shares of the company’s stock after acquiring an additional 22,053 shares during the period. KraneShares CSI China Internet ETF accounts for about 2.9% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Lake Hills Wealth Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $6,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Manchester Capital Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the fourth quarter worth about $32,000. Sankala Group LLC acquired a new stake in KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $51,000. Hurley Capital LLC purchased a new stake in KraneShares CSI China Internet ETF during the 4th quarter worth approximately $82,000. Rayburn West Financial Services LLC purchased a new stake in KraneShares CSI China Internet ETF during the 2nd quarter worth approximately $129,000. Finally, Jessup Wealth Management Inc raised its position in shares of KraneShares CSI China Internet ETF by 27.7% in the 4th quarter. Jessup Wealth Management Inc now owns 6,326 shares of the company’s stock valued at $215,000 after purchasing an additional 1,374 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Down 1.0%

Shares of KWEB traded down $0.24 during trading on Wednesday, reaching $24.30. The company’s stock had a trading volume of 5,728,266 shares, compared to its average volume of 23,173,941. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 15.95 and a beta of 0.33. The company has a fifty day moving average of $26.08 and a two-hundred day moving average of $26.94. KraneShares CSI China Internet ETF has a twelve month low of $23.23 and a twelve month high of $42.41.

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.