Altfest L J & Co. Inc. Increases Stock Holdings in KraneShares CSI China Internet ETF $KWEB

Altfest L J & Co. Inc. grew its holdings in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 1,873.6% during the third quarter, Holdings Channel reports. The firm owned 181,512 shares of the company’s stock after purchasing an additional 172,315 shares during the quarter. Altfest L J & Co. Inc.’s holdings in KraneShares CSI China Internet ETF were worth $7,625,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Quaker Wealth Management LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 2,000 shares in the last quarter. ORG Partners LLC boosted its position in KraneShares CSI China Internet ETF by 82.5% in the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after buying an additional 531 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in shares of KraneShares CSI China Internet ETF by 179.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,340 shares of the company’s stock worth $47,000 after acquiring an additional 860 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of KraneShares CSI China Internet ETF during the third quarter worth $84,000. Finally, Headlands Technologies LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the second quarter worth $134,000.

KraneShares CSI China Internet ETF Trading Up 4.6%

NYSE:KWEB opened at $35.63 on Friday. KraneShares CSI China Internet ETF has a 12-month low of $27.27 and a 12-month high of $43.37. The stock has a fifty day moving average price of $37.40 and a 200 day moving average price of $37.62.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.