Bessemer Group Inc. Has $299.56 Million Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Bessemer Group Inc. lifted its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,130,716 shares of the company’s stock after buying an additional 791,095 shares during the quarter. Bessemer Group Inc.’s holdings in KraneShares CSI China Internet ETF were worth $299,561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd grew its stake in KraneShares CSI China Internet ETF by 80.5% in the 2nd quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock valued at $112,382,000 after buying an additional 1,459,884 shares during the last quarter. Rit Capital Partners PLC acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $52,907,000. Banco BTG Pactual S.A. lifted its holdings in shares of KraneShares CSI China Internet ETF by 290.0% during the second quarter. Banco BTG Pactual S.A. now owns 426,700 shares of the company’s stock valued at $14,649,000 after acquiring an additional 651,250 shares during the period. Quadrature Capital Ltd bought a new position in shares of KraneShares CSI China Internet ETF in the second quarter valued at approximately $18,132,000. Finally, Aurora Investment Managers LLC. acquired a new position in KraneShares CSI China Internet ETF in the second quarter worth $13,414,000.

KraneShares CSI China Internet ETF Price Performance

Shares of KraneShares CSI China Internet ETF stock opened at $33.42 on Thursday. KraneShares CSI China Internet ETF has a fifty-two week low of $27.83 and a fifty-two week high of $43.37. The firm has a 50 day simple moving average of $35.98 and a 200 day simple moving average of $37.87.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.