SVRN Asset Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 46,150 shares of the company’s stock, valued at approximately $1,571,000. KraneShares CSI China Internet ETF makes up about 1.3% of SVRN Asset Management LLC’s portfolio, making the stock its 13th largest holding.
Several other institutional investors have also recently bought and sold shares of KWEB. NewEdge Advisors LLC raised its holdings in KraneShares CSI China Internet ETF by 11.3% during the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock worth $818,000 after buying an additional 2,383 shares during the last quarter. Empowered Funds LLC acquired a new position in KraneShares CSI China Internet ETF during the first quarter worth $1,518,000. Creative Planning raised its holdings in KraneShares CSI China Internet ETF by 38.9% during the second quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after buying an additional 2,579 shares during the last quarter. Baird Financial Group Inc. raised its holdings in KraneShares CSI China Internet ETF by 2.9% during the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after buying an additional 683 shares during the last quarter. Finally, Main Street Financial Solutions LLC acquired a new position in KraneShares CSI China Internet ETF during the second quarter worth $275,000.
KraneShares CSI China Internet ETF Trading Down 0.3%
KWEB opened at $26.49 on Friday. The company’s fifty day moving average price is $28.25 and its two-hundred day moving average price is $31.88. KraneShares CSI China Internet ETF has a 1-year low of $25.90 and a 1-year high of $43.37. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34.
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.
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