Morningstar Investment Management LLC Invests $8.96 Million in KraneShares CSI China Internet ETF $KWEB

Morningstar Investment Management LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 315,109 shares of the company’s stock, valued at approximately $8,959,000. Morningstar Investment Management LLC owned 0.14% of KraneShares CSI China Internet ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GFG Capital LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth approximately $668,000. Robinhood Asset Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth approximately $54,053,000. NewEdge Wealth LLC increased its stake in shares of KraneShares CSI China Internet ETF by 67.8% during the fourth quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after purchasing an additional 89,143 shares during the period. Temasek Holdings Private Ltd increased its stake in shares of KraneShares CSI China Internet ETF by 98.5% during the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in KraneShares CSI China Internet ETF by 31.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 250,929 shares of the company’s stock worth $8,544,000 after purchasing an additional 60,411 shares during the last quarter.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $26.29 on Friday. The business has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $29.67. The company has a market capitalization of $5.20 billion, a PE ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 1 year low of $23.23 and a 1 year 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.