CTC Alternative Strategies Ltd. Takes $802,000 Position in KraneShares CSI China Internet ETF $KWEB

CTC Alternative Strategies Ltd. acquired a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 19,100 shares of the company’s stock, valued at approximately $802,000. KraneShares CSI China Internet ETF accounts for 1.0% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $34,000. Golden State Wealth Management LLC increased its position in shares of KraneShares CSI China Internet ETF by 4,640.7% during the third quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock valued at $54,000 after buying an additional 1,253 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of KraneShares CSI China Internet ETF by 113.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,494 shares of the company’s stock worth $63,000 after buying an additional 794 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of KraneShares CSI China Internet ETF in the third quarter worth about $76,000. Finally, Mather Group LLC. bought a new position in shares of KraneShares CSI China Internet ETF in the third quarter valued at approximately $84,000.

KraneShares CSI China Internet ETF Trading Down 3.2%

Shares of NYSEARCA:KWEB opened at $29.45 on Thursday. The company has a 50 day moving average of $33.34 and a 200 day moving average of $36.84. The stock has a market cap of $7.13 billion, a P/E ratio of 15.95 and a beta of 0.25. KraneShares CSI China Internet ETF has a 12 month low of $27.83 and a 12 month high of $43.37.

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.