Polar Asset Management Partners Inc. Takes $5.01 Million Position in KraneShares CSI China Internet ETF $KWEB

Polar Asset Management Partners Inc. purchased a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 176,200 shares of the company’s stock, valued at approximately $5,009,000. Polar Asset Management Partners Inc. owned 0.08% of KraneShares CSI China Internet ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KWEB. NewEdge Advisors LLC lifted its holdings in KraneShares CSI China Internet ETF by 11.3% during the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after purchasing an additional 2,383 shares during the last quarter. Empowered Funds LLC bought a new position in KraneShares CSI China Internet ETF during the first quarter worth about $1,518,000. Creative Planning increased its stake in shares of KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after purchasing an additional 2,579 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of KraneShares CSI China Internet ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after purchasing an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the second quarter worth about $275,000.

KraneShares CSI China Internet ETF Price Performance

NYSEARCA KWEB opened at $26.29 on Monday. The firm has a market cap of $5.20 billion, a P/E ratio of 15.95 and a beta of 0.35. The company’s 50 day moving average is $26.26 and its 200-day moving average is $29.62. KraneShares CSI China Internet ETF has a 12-month low of $23.23 and a 12-month high of $43.37.

KraneShares CSI China Internet ETF Company 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.