KraneShares CSI China Internet ETF $KWEB Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 1,191.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 241,278 shares of the company’s stock after buying an additional 222,600 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in KraneShares CSI China Internet ETF were worth $10,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KWEB. Bessemer Group Inc. grew its stake in KraneShares CSI China Internet ETF by 0.9% during the second quarter. Bessemer Group Inc. now owns 6,339,621 shares of the company’s stock worth $217,640,000 after buying an additional 56,956 shares during the period. Temasek Holdings Private Ltd lifted its holdings in shares of KraneShares CSI China Internet ETF by 80.5% during the 2nd quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock valued at $112,382,000 after acquiring an additional 1,459,884 shares in the last quarter. BW Gestao de Investimentos Ltda. boosted its position in KraneShares CSI China Internet ETF by 73.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 586,800 shares of the company’s stock worth $20,145,000 after purchasing an additional 247,800 shares during the period. Quadrature Capital Ltd acquired a new stake in KraneShares CSI China Internet ETF in the 2nd quarter valued at $18,132,000. Finally, Trek Financial LLC increased its holdings in KraneShares CSI China Internet ETF by 106.4% in the 2nd quarter. Trek Financial LLC now owns 445,927 shares of the company’s stock valued at $15,309,000 after purchasing an additional 229,909 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $35.38 on Friday. The stock’s 50-day moving average is $36.17 and its two-hundred day moving average is $37.89. KraneShares CSI China Internet ETF has a 12 month low of $27.83 and a 12 month high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.