Nano Cap New Millennium Growth Fund L P Invests $3.37 Million in KraneShares CSI China Internet ETF $KWEB

Nano Cap New Millennium Growth Fund L P bought a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 99,000 shares of the company’s stock, valued at approximately $3,371,000. KraneShares CSI China Internet ETF comprises about 2.9% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 3rd largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Aurora Investment Managers LLC. grew its holdings in KraneShares CSI China Internet ETF by 12.6% during the 3rd quarter. Aurora Investment Managers LLC. now owns 440,048 shares of the company’s stock valued at $18,486,000 after purchasing an additional 49,302 shares during the last quarter. Truxt Investmentos Ltda. bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter valued at about $4,870,000. Bessemer Group Inc. grew its holdings in KraneShares CSI China Internet ETF by 12.5% during the 3rd quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock valued at $299,561,000 after purchasing an additional 791,095 shares during the last quarter. ABC Arbitrage SA grew its holdings in KraneShares CSI China Internet ETF by 311.6% during the 3rd quarter. ABC Arbitrage SA now owns 138,130 shares of the company’s stock valued at $5,803,000 after purchasing an additional 104,573 shares during the last quarter. Finally, GFG Capital LLC bought a new position in KraneShares CSI China Internet ETF during the 4th quarter valued at about $668,000.

KraneShares CSI China Internet ETF Trading Down 1.7%

Shares of NYSEARCA:KWEB opened at $27.63 on Friday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 12 month low of $27.12 and a 12 month high of $43.37. The firm’s 50-day moving average is $28.96 and its 200 day moving average is $33.16.

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.