SG Americas Securities LLC Acquires 22,113 Shares of KraneShares CSI China Internet ETF $KWEB

SG Americas Securities LLC boosted its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 54.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,542 shares of the company’s stock after purchasing an additional 22,113 shares during the quarter. SG Americas Securities LLC’s holdings in KraneShares CSI China Internet ETF were worth $2,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management grew its holdings in KraneShares CSI China Internet ETF by 17,683.0% during the third quarter. Spire Wealth Management now owns 35,566 shares of the company’s stock worth $1,494,000 after acquiring an additional 35,366 shares during the period. Park Avenue Securities LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $206,000. SeaBridge Investment Advisors LLC increased its position in KraneShares CSI China Internet ETF by 14.9% during the third quarter. SeaBridge Investment Advisors LLC now owns 87,127 shares of the company’s stock worth $3,660,000 after purchasing an additional 11,327 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $221,000. Finally, Viewpoint Capital Management LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 2.1% during the 3rd quarter. Viewpoint Capital Management LLC now owns 110,806 shares of the company’s stock worth $4,655,000 after purchasing an additional 2,330 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

NYSE:KWEB opened at $36.92 on Wednesday. KraneShares CSI China Internet ETF has a 52 week low of $27.83 and a 52 week high of $43.37. The stock’s fifty day moving average is $36.83 and its two-hundred day moving average is $37.78.

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.