Polar Asset Management Partners Inc. acquired a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the first quarter, Holdings Channel reports. The firm acquired 176,200 shares of the company’s stock, valued at approximately $5,009,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in KWEB. SBI Securities Co. Ltd. lifted its stake 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 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 valued at about $32,000. JPL Wealth Management LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $34,000. Compagnie Lombard Odier SCmA purchased a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $45,000. Finally, Fortitude Family Office LLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at about $45,000.
KraneShares CSI China Internet ETF Price Performance
NYSEARCA:KWEB opened at $26.29 on Monday. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year high of $43.37. The business has a 50 day moving average of $26.26 and a 200 day moving average of $29.62. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35.
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.
Further Reading
- Five stocks we like better than KraneShares CSI China Internet ETF
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
Want to see what other hedge funds are holding KWEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report).
Receive News & Ratings for KraneShares CSI China Internet ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares CSI China Internet ETF and related companies with MarketBeat.com's FREE daily email newsletter.
