32,070 Shares in KraneShares CSI China Internet ETF $KWEB Acquired by Bank of Nova Scotia

Bank of Nova Scotia purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the first quarter, HoldingsChannel.com reports. The fund purchased 32,070 shares of the company’s stock, valued at approximately $912,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KWEB. SBI Securities Co. Ltd. increased its position in shares of KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after acquiring an additional 723 shares in the last quarter. Manchester Capital Management LLC acquired a new position in KraneShares CSI China Internet ETF in the 4th quarter worth $32,000. JPL Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth about $34,000. Compagnie Lombard Odier SCmA bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth about $45,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $45,000.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $27.80 on Thursday. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. The business’s 50-day moving average price is $26.21 and its two-hundred day moving average price is $29.44. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year high of $43.37.

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.