MKP Capital Management L.L.C. Makes New Investment in KraneShares CSI China Internet ETF $KWEB

MKP Capital Management L.L.C. purchased a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 4th quarter, Holdings Channel reports. The firm purchased 893,310 shares of the company’s stock, valued at approximately $30,417,000. KraneShares CSI China Internet ETF makes up approximately 1.1% of MKP Capital Management L.L.C.’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. Banque Cantonale Vaudoise increased its position in KraneShares CSI China Internet ETF by 2.9% during the third quarter. Banque Cantonale Vaudoise now owns 9,953 shares of the company’s stock worth $418,000 after buying an additional 284 shares in the last quarter. Magnus Financial Group LLC increased its position in KraneShares CSI China Internet ETF by 2.4% during the fourth quarter. Magnus Financial Group LLC now owns 15,901 shares of the company’s stock worth $541,000 after buying an additional 380 shares in the last quarter. Highline Wealth Partners LLC increased its position in KraneShares CSI China Internet ETF by 5.6% during the fourth quarter. Highline Wealth Partners LLC now owns 7,994 shares of the company’s stock worth $272,000 after buying an additional 424 shares in the last quarter. Larson Financial Group LLC grew its position in shares of KraneShares CSI China Internet ETF by 6.1% in the fourth quarter. Larson Financial Group LLC now owns 8,490 shares of the company’s stock valued at $289,000 after purchasing an additional 487 shares during the period. Finally, Signaturefd LLC grew its position in shares of KraneShares CSI China Internet ETF by 3.8% in the fourth quarter. Signaturefd LLC now owns 13,927 shares of the company’s stock valued at $474,000 after purchasing an additional 512 shares during the period.

KraneShares CSI China Internet ETF Stock Up 2.4%

Shares of NYSEARCA:KWEB opened at $27.36 on Tuesday. The company has a market cap of $6.15 billion, a P/E ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 52 week low of $26.23 and a 52 week high of $43.37. The business has a fifty day simple moving average of $28.53 and a 200-day simple moving average of $32.54.

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.