Partners Wealth Management LLC Buys New Stake in KraneShares CSI China Internet ETF $KWEB

Partners Wealth Management LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the third quarter, Holdings Channel reports. The fund bought 42,074 shares of the company’s stock, valued at approximately $1,031,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of KraneShares CSI China Internet ETF by 32.1% during the first quarter. Bank of America Corp DE now owns 11,090,675 shares of the company’s stock valued at $315,308,000 after acquiring an additional 2,693,759 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of KraneShares CSI China Internet ETF by 54.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,186,516 shares of the company’s stock worth $62,163,000 after purchasing an additional 770,000 shares during the period. Compass Rose Asset Management LP lifted its holdings in shares of KraneShares CSI China Internet ETF by 123.6% during the first quarter. Compass Rose Asset Management LP now owns 1,230,000 shares of the company’s stock worth $34,969,000 after purchasing an additional 680,000 shares during the period. NWI Management LP acquired a new position in shares of KraneShares CSI China Internet ETF during the first quarter worth $25,587,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of KraneShares CSI China Internet ETF in the second quarter worth $21,371,000.

KraneShares CSI China Internet ETF Stock Down 0.2%

Shares of KraneShares CSI China Internet ETF stock opened at $22.74 on Friday. KraneShares CSI China Internet ETF has a twelve month low of $22.54 and a twelve month high of $40.27. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 15.95 and a beta of 0.33. The company’s fifty day moving average is $24.68 and its 200 day moving average is $28.07.

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.