NewEdge Advisors LLC Boosts Stock Position in KraneShares CSI China Internet ETF $KWEB

NewEdge Advisors LLC increased its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,625 shares of the company’s stock after acquiring an additional 28,814 shares during the quarter. NewEdge Advisors LLC owned about 0.10% of KraneShares CSI China Internet ETF worth $5,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. TAGStone Capital Inc. lifted its holdings in shares of KraneShares CSI China Internet ETF by 6.1% during the 4th quarter. TAGStone Capital Inc. now owns 6,815 shares of the company’s stock valued at $232,000 after purchasing an additional 390 shares during the last quarter. Larson Financial Group LLC raised its stake in KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock valued at $289,000 after buying an additional 487 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in KraneShares CSI China Internet ETF in the fourth quarter worth about $32,000. Hsbc Holdings PLC increased its holdings in shares of KraneShares CSI China Internet ETF by 0.7% during the first quarter. Hsbc Holdings PLC now owns 133,273 shares of the company’s stock valued at $3,709,000 after acquiring an additional 967 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of KraneShares CSI China Internet ETF by 17.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,873 shares of the company’s stock valued at $252,000 after purchasing an additional 1,286 shares during the last quarter.

KraneShares CSI China Internet ETF Trading Up 0.5%

Shares of KraneShares CSI China Internet ETF stock opened at $24.73 on Tuesday. The firm’s 50 day simple moving average is $26.74 and its two-hundred day simple moving average is $27.60. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 12-month low of $23.23 and a 12-month high of $43.37.

About KraneShares CSI China Internet ETF

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.