Fortis Group Advisors LLC Takes Position in KraneShares CSI China Internet ETF $KWEB

Fortis Group Advisors LLC purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 50,641 shares of the company’s stock, valued at approximately $1,792,000.

A number of other hedge funds also recently made changes to their positions in KWEB. Bank of Nova Scotia acquired a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $95,497,000. Quadrature Capital Ltd boosted its stake in shares of KraneShares CSI China Internet ETF by 350.0% in the 3rd quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after purchasing an additional 1,849,107 shares in the last quarter. BlueCrest Capital Management Ltd boosted its stake in shares of KraneShares CSI China Internet ETF by 421.5% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock valued at $89,385,000 after purchasing an additional 1,719,701 shares in the last quarter. Robinhood Asset Management LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at approximately $54,053,000. Finally, Rit Capital Partners PLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $52,907,000.

KraneShares CSI China Internet ETF Trading Down 0.6%

KWEB opened at $28.12 on Thursday. The company’s 50 day moving average is $29.02 and its 200-day moving average is $33.24. KraneShares CSI China Internet ETF has a 1-year low of $27.62 and a 1-year high of $43.37. The company has a market cap of $6.32 billion, a P/E ratio of 15.95 and a beta of 0.36.

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.