Quantitative Investment Management LLC Buys New Stake in KraneShares CSI China Internet ETF $KWEB

Quantitative Investment Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the third quarter, HoldingsChannel reports. The fund bought 123,104 shares of the company’s stock, valued at approximately $5,171,000.

Several other hedge funds also recently bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 4,640.7% in the third quarter. Golden State Wealth Management LLC now owns 1,280 shares of the company’s stock worth $54,000 after acquiring an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of KraneShares CSI China Internet ETF by 113.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,494 shares of the company’s stock valued at $63,000 after acquiring an additional 794 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of KraneShares CSI China Internet ETF during the third quarter valued at $76,000. Mather Group LLC. purchased a new stake in KraneShares CSI China Internet ETF during the 3rd quarter worth about $84,000. Finally, Global Trust Asset Management LLC purchased a new stake in KraneShares CSI China Internet ETF during the 3rd quarter worth about $97,000.

KraneShares CSI China Internet ETF Trading Down 1.4%

Shares of KWEB stock opened at $30.06 on Friday. The firm has a 50-day moving average price of $33.81 and a 200 day moving average price of $37.07. KraneShares CSI China Internet ETF has a twelve month low of $27.83 and a twelve month high of $43.37. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 15.95 and a beta of 0.25.

KraneShares CSI China Internet ETF Company 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.