Krane Funds Advisors LLC Acquires 631,799 Shares of KraneShares CSI China Internet ETF $KWEB

Krane Funds Advisors LLC grew its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,856,700 shares of the company’s stock after purchasing an additional 631,799 shares during the quarter. KraneShares CSI China Internet ETF comprises 4.3% of Krane Funds Advisors LLC’s portfolio, making the stock its 8th biggest holding. Krane Funds Advisors LLC owned approximately 1.59% of KraneShares CSI China Internet ETF worth $131,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of KraneShares CSI China Internet ETF by 0.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after purchasing an additional 12,467 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of KraneShares CSI China Internet ETF by 350.0% in the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after purchasing an additional 1,849,107 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter valued at about $95,497,000. BlueCrest Capital Management Ltd grew its position in shares of KraneShares CSI China Internet ETF by 421.5% in the third quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock valued at $89,385,000 after purchasing an additional 1,719,701 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of KraneShares CSI China Internet ETF by 5.8% in the third quarter. Two Sigma Investments LP now owns 1,906,206 shares of the company’s stock valued at $80,080,000 after purchasing an additional 103,850 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA:KWEB opened at $26.38 on Monday. The stock’s 50-day moving average is $28.43 and its 200-day moving average is $32.22. KraneShares CSI China Internet ETF has a 52-week low of $26.23 and a 52-week high of $43.37. The company has a market cap of $5.93 billion, a P/E ratio of 15.95 and a beta of 0.34.

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.