Everstar Asset Management LLC Increases Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Everstar Asset Management LLC raised its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 53.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,304 shares of the company’s stock after purchasing an additional 28,259 shares during the quarter. KraneShares CSI China Internet ETF accounts for approximately 1.0% of Everstar Asset Management LLC’s holdings, making the stock its 12th biggest position. Everstar Asset Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPL Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $34,000. SBI Securities Co. Ltd. grew its position in KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC bought a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $32,000. International Assets Investment Management LLC purchased a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $49,000. Finally, Sunbelt Securities Inc. purchased a new stake in KraneShares CSI China Internet ETF during the fourth quarter valued at approximately $53,000.

KraneShares CSI China Internet ETF Trading Up 0.6%

KWEB opened at $27.01 on Friday. The firm’s 50 day simple moving average is $26.47 and its two-hundred day simple moving average is $28.82. The company has a market capitalization of $5.35 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year 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.