Phoenix Financial Ltd. Buys 19,827 Shares of KraneShares CSI China Internet ETF $KWEB

Phoenix Financial Ltd. grew its stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 9.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 230,331 shares of the company’s stock after acquiring an additional 19,827 shares during the period. Phoenix Financial Ltd. owned about 0.10% of KraneShares CSI China Internet ETF worth $7,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its position in shares of KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after acquiring an additional 723 shares during the period. JPL Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $34,000. Fortitude Family Office LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $45,000. Compagnie Lombard Odier SCmA bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $45,000. Finally, International Assets Investment Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter valued at approximately $49,000.

KraneShares CSI China Internet ETF Stock Down 4.5%

KraneShares CSI China Internet ETF stock opened at $29.20 on Friday. KraneShares CSI China Internet ETF has a twelve month low of $27.62 and a twelve month high of $43.37. The firm has a 50 day moving average price of $29.16 and a 200-day moving average price of $33.60. The company has a market capitalization of $6.56 billion, a P/E ratio of 15.95 and a beta of 0.36.

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.