GFG Capital LLC Invests $1.63 Million in KraneShares CSI China Internet ETF $KWEB

GFG Capital LLC acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,532 shares of the company’s stock, valued at approximately $1,628,000.

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

KraneShares CSI China Internet ETF Price Performance

Shares of KWEB opened at $25.36 on Wednesday. The firm’s 50 day moving average is $26.78 and its 200-day moving average is $27.82. KraneShares CSI China Internet ETF has a 12-month low of $23.23 and a 12-month high of $43.37. The stock has a market capitalization of $5.02 billion, a P/E ratio of 15.95 and a beta of 0.35.

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.