Primoris Wealth Advisors LLC Makes New Investment in KraneShares CSI China Internet ETF $KWEB

Primoris Wealth Advisors LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,290 shares of the company’s stock, valued at approximately $1,272,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quaker Wealth Management LLC increased its position in shares of KraneShares CSI China Internet ETF by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after acquiring an additional 2,000 shares in the last quarter. ORG Partners LLC boosted its position in KraneShares CSI China Internet ETF by 82.5% during the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock worth $40,000 after purchasing an additional 531 shares during the period. Mather Group LLC. purchased a new stake in KraneShares CSI China Internet ETF during the 3rd quarter worth $84,000. Headlands Technologies LLC acquired a new stake in KraneShares CSI China Internet ETF in the 2nd quarter valued at $134,000. Finally, Park Avenue Securities LLC purchased a new position in KraneShares CSI China Internet ETF in the third quarter valued at about $206,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $37.66 on Tuesday. KraneShares CSI China Internet ETF has a 12 month low of $27.33 and a 12 month high of $43.37. The stock’s 50-day moving average is $36.88 and its two-hundred day moving average is $37.76.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.