Prime Capital Investment Advisors LLC Increases Stake in KraneShares CSI China Internet ETF $KWEB

Prime Capital Investment Advisors LLC raised its stake in KraneShares CSI China Internet ETF (NYSE:KWEB) by 209.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,492 shares of the company’s stock after acquiring an additional 19,951 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $844,000. Concurrent Investment Advisors LLC acquired a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $735,000. Soros Fund Management LLC boosted its position in KraneShares CSI China Internet ETF by 30.2% during the second quarter. Soros Fund Management LLC now owns 293,404 shares of the company’s stock worth $10,073,000 after purchasing an additional 68,000 shares in the last quarter. ABC Arbitrage SA boosted its position in KraneShares CSI China Internet ETF by 5.0% during the second quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Altfest L J & Co. Inc. grew its holdings in KraneShares CSI China Internet ETF by 1,873.6% in the third quarter. Altfest L J & Co. Inc. now owns 181,512 shares of the company’s stock valued at $7,625,000 after purchasing an additional 172,315 shares during the period.

KraneShares CSI China Internet ETF Stock Up 2.8%

Shares of KWEB stock opened at $34.31 on Monday. The stock has a 50 day simple moving average of $35.83 and a 200-day simple moving average of $37.85. KraneShares CSI China Internet ETF has a 1-year low of $27.83 and a 1-year high of $43.37.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.