NewEdge Wealth LLC Increases Holdings in KraneShares CSI China Internet ETF $KWEB

NewEdge Wealth LLC grew its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 67.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,686 shares of the company’s stock after buying an additional 89,143 shares during the quarter. NewEdge Wealth LLC’s holdings in KraneShares CSI China Internet ETF were worth $7,514,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Aurora Investment Managers LLC. grew its holdings in KraneShares CSI China Internet ETF by 12.6% during the 3rd quarter. Aurora Investment Managers LLC. now owns 440,048 shares of the company’s stock valued at $18,486,000 after purchasing an additional 49,302 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of KraneShares CSI China Internet ETF during the third quarter valued at approximately $735,000. Truxt Investmentos Ltda. purchased a new stake in shares of KraneShares CSI China Internet ETF in the third quarter worth approximately $4,870,000. Bessemer Group Inc. raised its holdings in shares of KraneShares CSI China Internet ETF by 12.5% in the third quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock worth $299,561,000 after buying an additional 791,095 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of KraneShares CSI China Internet ETF by 209.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 29,492 shares of the company’s stock worth $1,239,000 after buying an additional 19,951 shares during the period.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $29.55 on Monday. The business has a fifty day moving average of $29.31 and a 200 day moving average of $33.97. KraneShares CSI China Internet ETF has a 52-week low of $27.62 and a 52-week high of $43.37. The stock has a market cap of $6.64 billion, a P/E ratio of 15.95 and a beta of 0.36.

KraneShares CSI China Internet ETF Company 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.