Spectrum Strategic Capital Management LLC Makes New $1.41 Million Investment in KraneShares CSI China Internet ETF $KWEB

Spectrum Strategic Capital Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 4th quarter, Holdings Channel.com reports. The fund acquired 41,502 shares of the company’s stock, valued at approximately $1,413,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Everstar Asset Management LLC grew its position in KraneShares CSI China Internet ETF by 16.8% during the 4th quarter. Everstar Asset Management LLC now owns 49,955 shares of the company’s stock worth $1,701,000 after purchasing an additional 7,195 shares during the last quarter. Financial Security Advisor Inc. purchased a new stake in shares of KraneShares CSI China Internet ETF in the fourth quarter valued at about $223,000. Phoenix Financial Ltd. boosted its holdings in shares of KraneShares CSI China Internet ETF by 9.4% in the fourth quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock valued at $7,712,000 after acquiring an additional 19,827 shares in the last quarter. ABC Arbitrage SA boosted its holdings in shares of KraneShares CSI China Internet ETF by 44.2% in the fourth quarter. ABC Arbitrage SA now owns 199,185 shares of the company’s stock valued at $6,782,000 after acquiring an additional 61,055 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in shares of KraneShares CSI China Internet ETF by 67.8% in the fourth 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 in the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSEARCA:KWEB opened at $28.17 on Monday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The firm’s 50-day simple moving average is $29.13 and its 200-day simple moving average is $33.51. KraneShares CSI China Internet ETF has a fifty-two week low of $27.62 and a fifty-two week high of $43.37.

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.