Janney Montgomery Scott LLC Makes New $2.30 Million Investment in KraneShares CSI China Internet ETF $KWEB

Janney Montgomery Scott LLC acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 93,824 shares of the company’s stock, valued at approximately $2,296,000.

A number of other hedge funds also recently modified their holdings of KWEB. Morningstar Investment Management LLC acquired a new stake in KraneShares CSI China Internet ETF during the first quarter worth approximately $8,959,000. Temasek Holdings Private Ltd lifted its holdings 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 purchasing an additional 3,225,790 shares during the last quarter. NewEdge Wealth LLC boosted its stake in KraneShares CSI China Internet ETF by 67.8% in the 4th quarter. NewEdge Wealth LLC now owns 220,686 shares of the company’s stock valued at $7,514,000 after purchasing an additional 89,143 shares during the period. Phoenix Financial Ltd. grew its holdings in KraneShares CSI China Internet ETF by 9.4% in the 4th quarter. Phoenix Financial Ltd. now owns 230,331 shares of the company’s stock valued at $7,712,000 after buying an additional 19,827 shares in the last quarter. Finally, Kapitalo Investimentos Ltda increased its position in KraneShares CSI China Internet ETF by 30.2% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,734,000 shares of the company’s stock worth $59,043,000 after buying an additional 402,000 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

Shares of KraneShares CSI China Internet ETF stock opened at $27.01 on Friday. The firm has a 50-day moving average of $26.47 and a 200-day moving average of $28.82. The stock has a market cap of $5.35 billion, a PE ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week high of $43.37.

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.