ABC Arbitrage SA Purchases 61,055 Shares of KraneShares CSI China Internet ETF $KWEB

ABC Arbitrage SA grew its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 44.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,185 shares of the company’s stock after purchasing an additional 61,055 shares during the quarter. ABC Arbitrage SA’s holdings in KraneShares CSI China Internet ETF were worth $6,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC increased its position in KraneShares CSI China Internet ETF by 67.8% in the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock valued at $7,514,000 after acquiring an additional 89,143 shares during the period. International Assets Investment Management LLC bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $49,000. SBI Securities Co. Ltd. raised its position in KraneShares CSI China Internet ETF by 634.2% during the 4th 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. CENTRAL TRUST Co lifted its holdings in KraneShares CSI China Internet ETF by 188,400.0% during the 4th quarter. CENTRAL TRUST Co now owns 3,770 shares of the company’s stock worth $128,000 after buying an additional 3,768 shares during the period. Finally, APEIRON CAPITAL Ltd bought a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $4,256,000.

KraneShares CSI China Internet ETF Stock Performance

NYSEARCA:KWEB opened at $29.59 on Tuesday. The company has a market capitalization of $6.65 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a fifty-two week low of $27.62 and a fifty-two week high of $43.37. The company has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $33.82.

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.