GFG Capital LLC Makes New Investment in KraneShares CSI China Internet ETF $KWEB

GFG Capital LLC acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,628 shares of the company’s stock, valued at approximately $668,000.

A number of other institutional investors also recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the third quarter valued at approximately $34,000. Golden State Wealth Management LLC raised its position in KraneShares CSI China Internet ETF by 4,640.7% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock worth $54,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. raised its position in KraneShares CSI China Internet ETF by 113.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,494 shares of the company’s stock worth $63,000 after purchasing an additional 794 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth $76,000. Finally, Mather Group LLC. acquired a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth $84,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $28.43 on Wednesday. The business’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $36.15. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 15.95 and a beta of 0.25. KraneShares CSI China Internet ETF has a 52 week low of $27.62 and a 52 week 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.