KraneShares CSI China Internet ETF $KWEB Position Raised by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 684.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 252,269 shares of the company’s stock after buying an additional 220,110 shares during the quarter. HighTower Advisors LLC’s holdings in KraneShares CSI China Internet ETF were worth $6,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KWEB. TD Waterhouse Canada Inc. boosted its stake in KraneShares CSI China Internet ETF by 17.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 194,351 shares of the company’s stock valued at $4,879,000 after purchasing an additional 28,866 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 257.6% in the second quarter. Quantitative Investment Management LLC now owns 557,530 shares of the company’s stock valued at $13,642,000 after buying an additional 401,606 shares during the period. Sigma Planning Corp lifted its holdings in shares of KraneShares CSI China Internet ETF by 58.4% in the second quarter. Sigma Planning Corp now owns 13,822 shares of the company’s stock valued at $338,000 after buying an additional 5,096 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 60.4% in the second quarter. Two Sigma Securities LLC now owns 224,128 shares of the company’s stock valued at $5,484,000 after buying an additional 84,374 shares during the period. Finally, IMC Chicago LLC bought a new position in KraneShares CSI China Internet ETF during the second quarter valued at about $8,726,000.

KraneShares CSI China Internet ETF Stock Down 1.4%

NYSEARCA:KWEB opened at $24.44 on Friday. The business’s 50-day moving average price is $26.76 and its 200 day moving average price is $27.71. KraneShares CSI China Internet ETF has a 52-week low of $23.23 and a 52-week high of $43.37. The firm has a market cap of $4.84 billion, a P/E 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.