KraneShares CSI China Internet ETF $KWEB Shares Acquired by Ping Capital Management Inc.

Ping Capital Management Inc. increased its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 120.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,000 shares of the company’s stock after purchasing an additional 270,000 shares during the period. KraneShares CSI China Internet ETF makes up 4.8% of Ping Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Ping Capital Management Inc. owned 0.20% of KraneShares CSI China Internet ETF worth $16,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KWEB. Oppenheimer & Co. Inc. lifted its position in shares of KraneShares CSI China Internet ETF by 2.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,415 shares of the company’s stock worth $729,000 after buying an additional 536 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $295,000. Activest Wealth Management increased its holdings in shares of KraneShares CSI China Internet ETF by 4.5% during the 4th quarter. Activest Wealth Management now owns 96,076 shares of the company’s stock valued at $3,271,000 after acquiring an additional 4,154 shares during the last quarter. Pekin Hardy Strauss Inc. raised its stake in shares of KraneShares CSI China Internet ETF by 1,102.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 108,504 shares of the company’s stock valued at $3,695,000 after acquiring an additional 99,480 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of KraneShares CSI China Internet ETF by 129.6% in the 4th quarter. Comerica Bank now owns 24,537 shares of the company’s stock valued at $835,000 after acquiring an additional 13,852 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

KWEB opened at $28.78 on Friday. The firm has a market cap of $6.47 billion, a P/E ratio of 15.95 and a beta of 0.36. The business has a 50 day moving average price of $29.50 and a 200 day moving average price of $34.26. KraneShares CSI China Internet ETF has a twelve month low of $27.62 and a twelve month 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.