Spectrum Strategic Capital Management LLC Invests $1.41 Million in KraneShares CSI China Internet ETF $KWEB

Spectrum Strategic Capital Management LLC acquired a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,502 shares of the company’s stock, valued at approximately $1,413,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aurora Investment Managers LLC. grew its position in shares of KraneShares CSI China Internet ETF by 12.6% in the 3rd quarter. Aurora Investment Managers LLC. now owns 440,048 shares of the company’s stock valued at $18,486,000 after buying an additional 49,302 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $735,000. Truxt Investmentos Ltda. purchased a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $4,870,000. GFG Capital LLC purchased a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $668,000. Finally, Robinhood Asset Management LLC purchased a new position in KraneShares CSI China Internet ETF during the 4th quarter worth $54,053,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock opened at $28.17 on Monday. KraneShares CSI China Internet ETF has a 1 year low of $27.62 and a 1 year high of $43.37. The company has a market capitalization of $6.33 billion, a P/E ratio of 15.95 and a beta of 0.36. The company’s fifty day moving average is $29.13 and its two-hundred day moving average is $33.51.

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.