Phoenix Financial Ltd. Increases Stock Position in KraneShares CSI China Internet ETF $KWEB

Phoenix Financial Ltd. lifted its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,331 shares of the company’s stock after buying an additional 19,827 shares during the quarter. Phoenix Financial Ltd.’s holdings in KraneShares CSI China Internet ETF were worth $7,712,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KWEB. NewEdge Advisors LLC lifted its stake in shares of KraneShares CSI China Internet ETF by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 1st quarter valued at approximately $1,518,000. Creative Planning lifted its stake in shares of KraneShares CSI China Internet ETF by 38.9% during the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock valued at $316,000 after buying an additional 2,579 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of KraneShares CSI China Internet ETF by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock valued at $844,000 after buying an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the 2nd quarter valued at approximately $275,000.

KraneShares CSI China Internet ETF Trading Down 4.5%

Shares of KWEB stock opened at $29.20 on Friday. KraneShares CSI China Internet ETF has a 12 month low of $27.62 and a 12 month high of $43.37. The stock has a market capitalization of $6.56 billion, a P/E ratio of 15.95 and a beta of 0.36. The firm’s 50 day moving average is $29.16 and its 200 day moving average is $33.60.

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.