Robinhood Asset Management LLC Purchases New Shares in KraneShares CSI China Internet ETF $KWEB

Robinhood Asset Management LLC purchased a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,587,469 shares of the company’s stock, valued at approximately $54,053,000. KraneShares CSI China Internet ETF accounts for about 4.3% of Robinhood Asset Management LLC’s investment portfolio, making the stock its 4th largest position.

A number of other institutional investors have also added to or reduced their stakes in KWEB. NewEdge Advisors LLC lifted its position in KraneShares CSI China Internet ETF by 11.3% during the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares during the period. Empowered Funds LLC bought a new position in shares of KraneShares CSI China Internet ETF in the 1st quarter worth about $1,518,000. Creative Planning increased its stake in shares of KraneShares CSI China Internet ETF by 38.9% in the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after acquiring an additional 2,579 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in KraneShares CSI China Internet ETF by 24.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,361 shares of the company’s stock worth $218,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of KraneShares CSI China Internet ETF by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after purchasing an additional 683 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Up 0.2%

KWEB stock opened at $28.14 on Tuesday. KraneShares CSI China Internet ETF has a twelve month low of $27.62 and a twelve month high of $43.37. The firm has a market cap of $6.11 billion, a PE ratio of 15.95 and a beta of 0.31. The business has a 50 day moving average of $31.32 and a 200 day moving average of $35.77.

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.