Compass Rose Asset Management LP bought a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 550,000 shares of the company’s stock, valued at approximately $18,728,000. KraneShares CSI China Internet ETF accounts for 1.5% of Compass Rose Asset Management LP’s portfolio, making the stock its 11th biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of KWEB. SBI Securities Co. Ltd. raised its holdings in shares of 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 period. JPL Wealth Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the third quarter worth $34,000. Fortitude Family Office LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth $45,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth $45,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth $49,000.
KraneShares CSI China Internet ETF Stock Performance
Shares of NYSEARCA:KWEB opened at $27.13 on Friday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 15.95 and a beta of 0.34. KraneShares CSI China Internet ETF has a 1-year low of $26.23 and a 1-year high of $43.37. The company’s fifty day moving average is $28.48 and its two-hundred day moving average is $32.30.
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.
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