Lake Street Advisors Group LLC Purchases Shares of 46,890 KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Lake Street Advisors Group LLC acquired a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,890 shares of the company’s stock, valued at approximately $1,231,000.

Several other institutional investors have also made changes to their positions in the business. Alaska Permanent Fund Corp grew its position in KraneShares CSI China Internet ETF by 13.3% in the first quarter. Alaska Permanent Fund Corp now owns 8,380,169 shares of the company’s stock valued at $219,979,000 after acquiring an additional 982,302 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 18.7% in the 4th quarter. Rafferty Asset Management LLC now owns 7,386,886 shares of the company’s stock worth $199,446,000 after purchasing an additional 1,163,591 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 1st quarter worth about $102,160,000. Bank of Nova Scotia increased its position in shares of KraneShares CSI China Internet ETF by 401.2% during the 4th quarter. Bank of Nova Scotia now owns 1,986,673 shares of the company’s stock worth $53,637,000 after purchasing an additional 1,590,320 shares in the last quarter. Finally, Coatue Management LLC lifted its holdings in KraneShares CSI China Internet ETF by 0.3% during the 4th quarter. Coatue Management LLC now owns 1,664,814 shares of the company’s stock valued at $44,950,000 after purchasing an additional 5,637 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Down 2.1 %

NYSEARCA:KWEB traded down $0.57 on Wednesday, reaching $26.53. The stock had a trading volume of 12,020,364 shares, compared to its average volume of 20,295,850. The company has a market capitalization of $5.26 billion, a P/E ratio of 22.48 and a beta of 1.30. KraneShares CSI China Internet ETF has a 1-year low of $22.68 and a 1-year high of $32.63. The stock has a fifty day moving average price of $28.74 and a 200-day moving average price of $27.06.

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.