NWI Management LP Makes New Investment in KraneShares CSI China Internet ETF $KWEB

NWI Management LP purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 900,000 shares of the company’s stock, valued at approximately $25,587,000. KraneShares CSI China Internet ETF accounts for 1.5% of NWI Management LP’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors also recently modified their holdings of KWEB. NewEdge Advisors LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock worth $818,000 after buying an additional 2,383 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the first quarter valued at about $1,518,000. Creative Planning increased its position in shares of KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after acquiring an additional 2,579 shares during the last quarter. Baird Financial Group Inc. raised its holdings in KraneShares CSI China Internet ETF by 2.9% during the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after acquiring an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in KraneShares CSI China Internet ETF during the second quarter worth about $275,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of NYSEARCA KWEB opened at $28.49 on Friday. The stock has a 50 day moving average price of $26.25 and a 200 day moving average price of $29.38. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The stock has a market capitalization of $5.64 billion, a PE ratio of 15.95 and a beta of 0.35.

KraneShares CSI China Internet ETF 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.