Sound Financial Strategies Group LLC Invests $6.36 Million in KraneShares CSI China Internet ETF $KWEB

Sound Financial Strategies Group LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the second quarter, Holdings Channel.com reports. The fund bought 224,005 shares of the company’s stock, valued at approximately $6,362,000. KraneShares CSI China Internet ETF comprises about 4.0% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors have also made changes to their positions in KWEB. Morningstar Investment Management LLC acquired a new stake in KraneShares CSI China Internet ETF during the 1st quarter valued at $8,959,000. NewEdge Wealth LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 67.8% in the fourth quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock valued at $7,514,000 after purchasing an additional 89,143 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in shares of KraneShares CSI China Internet ETF by 9.4% in the fourth quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock valued at $7,712,000 after purchasing an additional 19,827 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of KraneShares CSI China Internet ETF by 98.5% in the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after purchasing an additional 3,225,790 shares during the last quarter. Finally, Kapitalo Investimentos Ltda raised its position in shares of KraneShares CSI China Internet ETF by 30.2% in the fourth quarter. Kapitalo Investimentos Ltda now owns 1,734,000 shares of the company’s stock valued at $59,043,000 after purchasing an additional 402,000 shares during the period.

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB opened at $26.78 on Wednesday. The company’s 50-day moving average is $26.50 and its 200-day moving average is $28.65. The firm has a market capitalization of $5.30 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a fifty-two week low of $23.23 and a fifty-two week high of $43.37.

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.