SVRN Asset Management LLC Makes New $1.57 Million Investment in KraneShares CSI China Internet ETF $KWEB

SVRN Asset Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,150 shares of the company’s stock, valued at approximately $1,571,000. KraneShares CSI China Internet ETF accounts for about 1.3% of SVRN Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted its position in shares of KraneShares CSI China Internet ETF by 2.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock valued at $418,000 after acquiring an additional 284 shares during the period. Magnus Financial Group LLC lifted its position in shares of KraneShares CSI China Internet ETF by 2.4% during the 4th quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock valued at $541,000 after acquiring an additional 380 shares during the period. TAGStone Capital Inc. lifted its position in shares of KraneShares CSI China Internet ETF by 6.1% during the 4th quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock valued at $232,000 after acquiring an additional 390 shares during the period. Highline Wealth Partners LLC lifted its position in shares of KraneShares CSI China Internet ETF by 5.6% during the 4th quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock valued at $272,000 after acquiring an additional 424 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of KraneShares CSI China Internet ETF by 6.1% during the 4th quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock valued at $289,000 after acquiring an additional 487 shares during the period.

KraneShares CSI China Internet ETF Stock Down 0.3%

KraneShares CSI China Internet ETF stock opened at $26.49 on Friday. KraneShares CSI China Internet ETF has a 12-month low of $25.90 and a 12-month high of $43.37. The firm’s fifty day moving average is $28.25 and its 200 day moving average is $31.88. The company has a market capitalization of $5.95 billion, a PE ratio of 15.95 and a beta of 0.34.

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.