Momentum Wealth Planning LLC Has $2.06 Million Stake in KraneShares CSI China Internet ETF $KWEB

Momentum Wealth Planning LLC decreased its holdings in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,575 shares of the company’s stock after selling 101,825 shares during the quarter. KraneShares CSI China Internet ETF comprises approximately 1.6% of Momentum Wealth Planning LLC’s investment portfolio, making the stock its 16th biggest holding. Momentum Wealth Planning LLC’s holdings in KraneShares CSI China Internet ETF were worth $2,063,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bank of Nova Scotia bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $95,497,000. Quadrature Capital Ltd boosted its stake in KraneShares CSI China Internet ETF by 350.0% during the 3rd quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after acquiring an additional 1,849,107 shares during the last quarter. BlueCrest Capital Management Ltd boosted its stake in KraneShares CSI China Internet ETF by 421.5% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock worth $89,385,000 after acquiring an additional 1,719,701 shares during the last quarter. Robinhood Asset Management LLC bought a new position in KraneShares CSI China Internet ETF during the 4th quarter worth approximately $54,053,000. Finally, Rit Capital Partners PLC bought a new position in KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $52,907,000.

KraneShares CSI China Internet ETF Price Performance

KraneShares CSI China Internet ETF stock opened at $29.41 on Wednesday. The company’s 50 day simple moving average is $30.12 and its 200 day simple moving average is $34.80. KraneShares CSI China Internet ETF has a fifty-two week low of $27.62 and a fifty-two week high of $43.37. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 15.95 and a beta of 0.37.

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.