Lake Hills Wealth Management LLC increased its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,240 shares of the company’s stock after purchasing an additional 22,053 shares during the period. KraneShares CSI China Internet ETF accounts for about 2.9% of Lake Hills Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Lake Hills Wealth Management LLC owned approximately 0.14% of KraneShares CSI China Internet ETF worth $6,305,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd lifted its stake in shares of KraneShares CSI China Internet ETF by 98.5% during the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares in the last quarter. Bank of America Corp DE grew its stake in shares of KraneShares CSI China Internet ETF by 32.1% in the first quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after buying an additional 2,693,759 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 652.0% during the 1st quarter. SG Americas Securities LLC now owns 1,693,386 shares of the company’s stock valued at $48,143,000 after buying an additional 1,468,208 shares during the period. NWI Management LP purchased a new stake in shares of KraneShares CSI China Internet ETF during the 1st quarter valued at about $25,587,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in KraneShares CSI China Internet ETF during the 2nd quarter worth approximately $21,371,000.
KraneShares CSI China Internet ETF Price Performance
KraneShares CSI China Internet ETF stock traded down $0.24 during midday trading on Wednesday, hitting $24.30. 5,728,266 shares of the company were exchanged, compared to its average volume of 23,173,941. The company has a market cap of $4.43 billion, a PE ratio of 15.95 and a beta of 0.33. KraneShares CSI China Internet ETF has a fifty-two week low of $23.23 and a fifty-two week high of $42.41. The company’s fifty day moving average price is $26.08 and its 200-day moving average price is $26.94.
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.
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