Independent Financial Group LLC Invests $676,000 in KraneShares CSI China Internet ETF $KWEB

Independent Financial Group LLC acquired a new stake in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 1st quarter, Holdings Channel reports. The fund acquired 23,771 shares of the company’s stock, valued at approximately $676,000.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in KraneShares CSI China Internet ETF by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 23,424 shares of the company’s stock worth $818,000 after purchasing an additional 2,383 shares during the period. Empowered Funds LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the first quarter valued at approximately $1,518,000. Creative Planning lifted its holdings in shares of KraneShares CSI China Internet ETF by 38.9% in the second quarter. Creative Planning now owns 9,204 shares of the company’s stock worth $316,000 after buying an additional 2,579 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of KraneShares CSI China Internet ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 24,580 shares of the company’s stock worth $844,000 after buying an additional 683 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in shares of KraneShares CSI China Internet ETF during the second quarter worth $275,000.

KraneShares CSI China Internet ETF Stock Down 2.1%

KWEB opened at $26.44 on Thursday. The firm has a 50-day simple moving average of $26.36 and a two-hundred day simple moving average of $29.76. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The company has a market capitalization of $5.23 billion, a PE ratio of 15.95 and a beta of 0.35.

KraneShares CSI China Internet ETF 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.