NewEdge Advisors LLC Acquires 44,150 Shares of KraneShares CSI China Internet ETF $KWEB

NewEdge Advisors LLC lifted its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 33.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,811 shares of the company’s stock after acquiring an additional 44,150 shares during the period. NewEdge Advisors LLC owned approximately 0.08% of KraneShares CSI China Internet ETF worth $5,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KWEB. SBI Securities Co. Ltd. raised its stake in KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after purchasing an additional 723 shares during the last quarter. Manchester Capital Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $32,000. JPL Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth about $34,000. International Assets Investment Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $49,000. Finally, Sankala Group LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at about $51,000.

KraneShares CSI China Internet ETF Stock Performance

NYSEARCA KWEB opened at $28.09 on Wednesday. The firm has a 50-day simple moving average of $26.46 and a 200 day simple moving average of $28.96. KraneShares CSI China Internet ETF has a twelve month low of $23.23 and a twelve month high of $43.37. The stock has a market cap of $5.56 billion, a PE ratio of 15.95 and a beta of 0.36.

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.