KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,397,867 shares of the company’s stock after purchasing an additional 1,182,456 shares during the period. KraneShares CSI China Internet ETF comprises 3.3% of Alaska Permanent Fund Corp’s holdings, making the stock its 10th largest holding. Alaska Permanent Fund Corp owned 3.82% of KraneShares CSI China Internet ETF worth $199,742,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Morgan Stanley lifted its position in KraneShares CSI China Internet ETF by 20.7% during the third quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock worth $232,970,000 after purchasing an additional 1,458,821 shares during the period. Rafferty Asset Management LLC boosted its position in shares of KraneShares CSI China Internet ETF by 6.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 6,223,295 shares of the company’s stock worth $170,332,000 after acquiring an additional 363,661 shares in the last quarter. Citigroup Inc. raised its position in KraneShares CSI China Internet ETF by 9.4% during the third quarter. Citigroup Inc. now owns 5,156,597 shares of the company’s stock valued at $141,136,000 after purchasing an additional 444,023 shares in the last quarter. Krane Funds Advisors LLC lifted its stake in KraneShares CSI China Internet ETF by 208.5% during the third quarter. Krane Funds Advisors LLC now owns 4,095,008 shares of the company’s stock worth $112,080,000 after purchasing an additional 2,767,540 shares during the last quarter. Finally, L1 Capital Pty Ltd boosted its holdings in shares of KraneShares CSI China Internet ETF by 20.4% in the 3rd quarter. L1 Capital Pty Ltd now owns 3,689,988 shares of the company’s stock valued at $100,995,000 after purchasing an additional 624,858 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock traded up $0.77 during trading on Tuesday, reaching $27.33. 25,161,696 shares of the company’s stock were exchanged, compared to its average volume of 21,955,020. KraneShares CSI China Internet ETF has a 1-year low of $22.68 and a 1-year high of $32.06. The company has a market cap of $5.65 billion, a P/E ratio of 20.84 and a beta of 1.28. The firm’s 50-day moving average price is $26.04 and its 200 day moving average price is $26.18.

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.