Breakout Capital Partners LP Boosts Stock Position in KraneShares CSI China Internet ETF $KWEB

Breakout Capital Partners LP raised its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 26.1% in the third quarter, Holdings Channel.com reports. The fund owned 670,800 shares of the company’s stock after acquiring an additional 138,900 shares during the period. KraneShares CSI China Internet ETF comprises 20.9% of Breakout Capital Partners LP’s portfolio, making the stock its biggest holding. Breakout Capital Partners LP’s holdings in KraneShares CSI China Internet ETF were worth $28,180,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KWEB. Bessemer Group Inc. raised its holdings in shares of KraneShares CSI China Internet ETF by 12.5% in the 3rd quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock worth $299,561,000 after purchasing an additional 791,095 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in KraneShares CSI China Internet ETF by 80.5% during the second quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock worth $112,382,000 after buying an additional 1,459,884 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in KraneShares CSI China Internet ETF by 4.9% during the third quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock worth $126,658,000 after buying an additional 151,300 shares in the last quarter. Quadrature Capital Ltd grew its position in KraneShares CSI China Internet ETF by 350.0% in the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after buying an additional 1,849,107 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in KraneShares CSI China Internet ETF in the third quarter worth approximately $95,497,000.

KraneShares CSI China Internet ETF Stock Performance

NYSEARCA KWEB opened at $30.16 on Friday. KraneShares CSI China Internet ETF has a 1 year low of $27.83 and a 1 year high of $43.37. The business’s fifty day moving average is $33.70 and its two-hundred day moving average is $37.00. The stock has a market capitalization of $7.30 billion, a P/E ratio of 15.95 and a beta of 0.25.

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.