Janney Montgomery Scott LLC Acquires Shares of 93,824 KraneShares CSI China Internet ETF $KWEB

Janney Montgomery Scott LLC bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the second quarter, HoldingsChannel reports. The institutional investor bought 93,824 shares of the company’s stock, valued at approximately $2,296,000.

A number of other hedge funds also recently modified their holdings of KWEB. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in KraneShares CSI China Internet ETF during the second quarter worth about $6,928,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in KraneShares CSI China Internet ETF during the second quarter worth about $21,371,000. Titan Global Capital Management USA LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 2.4% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 66,268 shares of the company’s stock valued at $1,622,000 after purchasing an additional 1,550 shares in the last quarter. Everstar Asset Management LLC lifted its stake in KraneShares CSI China Internet ETF by 53.3% in the 2nd quarter. Everstar Asset Management LLC now owns 81,304 shares of the company’s stock valued at $1,990,000 after purchasing an additional 28,259 shares during the last quarter. Finally, Steadtrust LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the second quarter worth $580,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $27.01 on Friday. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. The stock has a fifty day moving average of $26.47 and a 200-day moving average of $28.82.

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.