Truxt Investmentos Ltda. Invests $4.87 Million in KraneShares CSI China Internet ETF $KWEB

Truxt Investmentos Ltda. acquired a new stake in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) in the third quarter, Holdings Channel reports. The fund acquired 115,932 shares of the company’s stock, valued at approximately $4,870,000. KraneShares CSI China Internet ETF makes up approximately 7.3% of Truxt Investmentos Ltda.’s holdings, making the stock its 4th largest position.

A number of other hedge funds also recently modified their holdings of KWEB. NewEdge Advisors LLC raised its position in KraneShares CSI China Internet ETF by 11.3% during the first quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock valued at $818,000 after buying an additional 2,383 shares during the period. Empowered Funds LLC bought a new stake in KraneShares CSI China Internet ETF in the first quarter worth $1,518,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of KraneShares CSI China Internet ETF by 83.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock worth $641,000 after acquiring an additional 8,479 shares in the last quarter. Viewpoint Capital Management LLC boosted its position in KraneShares CSI China Internet ETF by 0.3% during the second quarter. Viewpoint Capital Management LLC now owns 108,476 shares of the company’s stock worth $3,724,000 after purchasing an additional 320 shares during the period. Finally, Aurora Investment Managers LLC. bought a new stake in shares of KraneShares CSI China Internet ETF during the 2nd quarter worth $13,414,000.

KraneShares CSI China Internet ETF Stock Down 0.9%

Shares of NYSE:KWEB opened at $35.07 on Tuesday. The stock’s 50-day moving average is $36.13 and its 200-day moving average is $37.92. KraneShares CSI China Internet ETF has a 52-week low of $27.83 and a 52-week high of $43.37.

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.