Tamar Securities LLC raised its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 11.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,383 shares of the company’s stock after buying an additional 34,597 shares during the quarter. Tamar Securities LLC’s holdings in KraneShares CSI China Internet ETF were worth $8,416,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC bought a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at $9,317,000. SFI Advisors LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $222,000. Mirae Asset Global Investments Co. Ltd. bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $417,000. Invera Wealth Advisors LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $201,000. Finally, Partners Wealth Management LLC purchased a new stake in KraneShares CSI China Internet ETF during the 3rd quarter valued at about $1,031,000.
KraneShares CSI China Internet ETF Price Performance
KWEB stock traded up $0.12 during trading on Friday, hitting $24.88. 26,085,472 shares of the stock traded hands, compared to its average volume of 22,983,463. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a 1 year low of $22.54 and a 1 year high of $39.91. The firm’s 50 day moving average is $24.46 and its two-hundred day moving average is $27.77.
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.
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