Everstar Asset Management LLC Raises Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Everstar Asset Management LLC lifted its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 53.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,304 shares of the company’s stock after buying an additional 28,259 shares during the quarter. KraneShares CSI China Internet ETF comprises 1.0% of Everstar Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Everstar Asset Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Morningstar Investment Management LLC bought a new position in shares of KraneShares CSI China Internet ETF during the 1st quarter valued at approximately $8,959,000. Temasek Holdings Private Ltd raised its stake in KraneShares CSI China Internet ETF by 98.5% during the 4th quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after acquiring an additional 3,225,790 shares during the period. NewEdge Wealth LLC raised its stake in KraneShares CSI China Internet ETF by 67.8% during the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock worth $7,514,000 after acquiring an additional 89,143 shares during the period. Phoenix Financial Ltd. lifted its holdings in KraneShares CSI China Internet ETF by 9.4% during the fourth quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock valued at $7,712,000 after purchasing an additional 19,827 shares in the last quarter. Finally, Ping Capital Management Inc. lifted its holdings in KraneShares CSI China Internet ETF by 120.0% during the fourth quarter. Ping Capital Management Inc. now owns 495,000 shares of the company’s stock valued at $16,855,000 after purchasing an additional 270,000 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

KWEB opened at $27.01 on Friday. The firm has a market cap of $5.35 billion, a P/E ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 1-year low of $23.23 and a 1-year high of $43.37. The company has a 50 day simple moving average of $26.47 and a two-hundred day simple moving average of $28.82.

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.