GFG Capital LLC purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,532 shares of the company’s stock, valued at approximately $1,628,000.
Other institutional investors have also modified their holdings of the company. Morningstar Investment Management LLC bought a new position in KraneShares CSI China Internet ETF in the first quarter worth about $8,959,000. Phoenix Financial Ltd. boosted its holdings in shares of KraneShares CSI China Internet ETF by 9.4% during the fourth quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock valued at $7,712,000 after acquiring an additional 19,827 shares during the period. Temasek Holdings Private Ltd boosted its holdings in shares of KraneShares CSI China Internet ETF by 98.5% during the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after acquiring an additional 3,225,790 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth about $3,371,000. Finally, Independent Financial Group LLC bought a new position in KraneShares CSI China Internet ETF in the 1st quarter worth about $676,000.
KraneShares CSI China Internet ETF Price Performance
Shares of KraneShares CSI China Internet ETF stock opened at $25.36 on Wednesday. The company has a market capitalization of $5.02 billion, a P/E ratio of 15.95 and a beta of 0.35. The business’s fifty day moving average price is $26.78 and its two-hundred day moving average price is $27.82. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year 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.
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