GFG Capital LLC Makes New $668,000 Investment in KraneShares CSI China Internet ETF $KWEB

GFG Capital LLC bought a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 19,628 shares of the company’s stock, valued at approximately $668,000.

Several other hedge funds also recently modified their holdings of KWEB. NewEdge Advisors LLC lifted its holdings in KraneShares CSI China Internet ETF by 11.3% in 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 acquired a new stake in KraneShares CSI China Internet ETF during the 1st quarter worth $1,518,000. Creative Planning grew its holdings in KraneShares CSI China Internet ETF by 38.9% during the 2nd quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after acquiring an additional 2,579 shares during the period. Scotia Capital Inc. raised its position in shares of KraneShares CSI China Internet ETF by 7.1% during the 2nd quarter. Scotia Capital Inc. now owns 10,589 shares of the company’s stock valued at $364,000 after acquiring an additional 700 shares during the last quarter. Finally, Trek Financial LLC raised its position in shares of KraneShares CSI China Internet ETF by 106.4% during the 2nd quarter. Trek Financial LLC now owns 445,927 shares of the company’s stock valued at $15,309,000 after acquiring an additional 229,909 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Up 2.3%

KWEB stock opened at $28.43 on Wednesday. KraneShares CSI China Internet ETF has a twelve month low of $27.62 and a twelve month high of $43.37. The company has a market cap of $6.88 billion, a P/E ratio of 15.95 and a beta of 0.25. The business’s fifty day moving average is $31.93 and its 200-day moving average is $36.15.

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.