Independent Financial Group LLC acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,771 shares of the company’s stock, valued at approximately $676,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KWEB. D.A. Davidson & CO. bought a new position in KraneShares CSI China Internet ETF during the 1st quarter valued at about $429,000. Bleakley Financial Group LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 1.7% during the first quarter. Bleakley Financial Group LLC now owns 335,109 shares of the company’s stock valued at $9,527,000 after purchasing an additional 5,591 shares during the last quarter. WJ Financial Advisors LLC bought a new position in KraneShares CSI China Internet ETF during the first quarter valued at approximately $445,000. 180 Wealth Advisors LLC lifted its position in KraneShares CSI China Internet ETF by 16.3% during the first quarter. 180 Wealth Advisors LLC now owns 44,668 shares of the company’s stock valued at $1,270,000 after purchasing an additional 6,270 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in KraneShares CSI China Internet ETF in the first quarter worth approximately $289,000.
KraneShares CSI China Internet ETF Stock Performance
KraneShares CSI China Internet ETF stock opened at $26.44 on Thursday. The stock has a market cap of $5.23 billion, a PE ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a one year low of $23.23 and a one year high of $43.37. The stock has a fifty day moving average of $26.36 and a 200 day moving average of $29.76.
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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