WCG Wealth Advisors LLC Acquires Shares of 220,051 KraneShares CSI China Internet ETF $KWEB

WCG Wealth Advisors LLC bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 220,051 shares of the company’s stock, valued at approximately $7,493,000. WCG Wealth Advisors LLC owned about 0.09% of KraneShares CSI China Internet ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Bessemer Group Inc. grew its stake in shares of KraneShares CSI China Internet ETF by 12.5% during the third quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock valued at $299,561,000 after buying an additional 791,095 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of KraneShares CSI China Internet ETF by 0.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after buying an additional 12,467 shares during the last quarter. Krane Funds Advisors LLC grew its stake in shares of KraneShares CSI China Internet ETF by 4.9% during the third quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock valued at $126,658,000 after buying an additional 151,300 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of KraneShares CSI China Internet ETF by 350.0% during the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after buying an additional 1,849,107 shares during the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at approximately $95,497,000.

KraneShares CSI China Internet ETF Stock Performance

KWEB opened at $27.22 on Thursday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The stock’s 50 day moving average price is $28.51 and its 200-day moving average price is $32.38. KraneShares CSI China Internet ETF has a one year low of $26.23 and a one year high of $43.37.

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.