50,641 Shares in KraneShares CSI China Internet ETF $KWEB Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC acquired a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50,641 shares of the company’s stock, valued at approximately $1,792,000.

A number of other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in KraneShares CSI China Internet ETF by 12.5% during the third quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock worth $299,561,000 after buying an additional 791,095 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in KraneShares CSI China Internet ETF by 0.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock worth $123,365,000 after buying an additional 12,467 shares in the last quarter. Krane Funds Advisors LLC grew its stake in KraneShares CSI China Internet ETF by 4.9% during the third quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock worth $126,658,000 after buying an additional 151,300 shares in the last quarter. Quadrature Capital Ltd grew its stake in KraneShares CSI China Internet ETF by 350.0% during the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after buying an additional 1,849,107 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in KraneShares CSI China Internet ETF during the third quarter worth about $95,497,000.

KraneShares CSI China Internet ETF Stock Down 0.6%

Shares of KraneShares CSI China Internet ETF stock opened at $28.12 on Thursday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 12-month low of $27.62 and a 12-month high of $43.37. The firm’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $33.24.

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.