Pekin Hardy Strauss Inc. Acquires 20,980 Shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Pekin Hardy Strauss Inc. grew its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 44.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 68,385 shares of the company’s stock after purchasing an additional 20,980 shares during the period. Pekin Hardy Strauss Inc.’s holdings in KraneShares CSI China Internet ETF were worth $1,846,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in KWEB. Raymond James Financial Services Advisors Inc. boosted its position in KraneShares CSI China Internet ETF by 15.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock valued at $6,282,000 after buying an additional 30,563 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its position in KraneShares CSI China Internet ETF by 0.3% during the 3rd quarter. Mandatum Life Insurance Co Ltd now owns 1,007,083 shares of the company’s stock worth $27,564,000 after acquiring an additional 3,491 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in KraneShares CSI China Internet ETF during the 3rd quarter valued at $21,349,000. Avaii Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF in the 3rd quarter valued at $244,000. Finally, Altfest L J & Co. Inc. boosted its stake in KraneShares CSI China Internet ETF by 3.1% in the third quarter. Altfest L J & Co. Inc. now owns 254,507 shares of the company’s stock worth $6,966,000 after purchasing an additional 7,758 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Down 2.9 %

NYSEARCA:KWEB traded down $0.84 during mid-day trading on Tuesday, reaching $27.87. 27,549,829 shares of the company were exchanged, compared to its average volume of 21,887,207. KraneShares CSI China Internet ETF has a 12 month low of $22.68 and a 12 month high of $32.06. The stock has a market cap of $5.76 billion, a PE ratio of 20.84 and a beta of 1.28. The company has a fifty day moving average of $26.29 and a 200 day moving average of $26.19.

KraneShares CSI China Internet ETF 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.