Global Endowment Management LP Buys 27,000 Shares of KraneShares CSI China Internet ETF $KWEB

Global Endowment Management LP grew its holdings in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 54.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,000 shares of the company’s stock after acquiring an additional 27,000 shares during the quarter. Global Endowment Management LP’s holdings in KraneShares CSI China Internet ETF were worth $2,622,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. JPL Wealth Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the third quarter worth about $34,000. SBI Securities Co. Ltd. boosted its position in shares of KraneShares CSI China Internet ETF by 634.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock worth $28,000 after buying an additional 723 shares during the period. Manchester Capital Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth about $32,000. Fortitude Family Office LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth about $45,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of KraneShares CSI China Internet ETF during the fourth quarter worth about $45,000.

KraneShares CSI China Internet ETF Price Performance

KWEB stock opened at $26.49 on Friday. The stock has a market capitalization of $5.95 billion, a P/E ratio of 15.95 and a beta of 0.34. The business has a 50-day moving average of $28.25 and a 200-day moving average of $31.88. KraneShares CSI China Internet ETF has a fifty-two week low of $25.90 and a fifty-two week high of $43.37.

KraneShares CSI China Internet ETF Company 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.