Concurrent Investment Advisors LLC Makes New $735,000 Investment in KraneShares CSI China Internet ETF $KWEB

Concurrent Investment Advisors LLC purchased a new stake in KraneShares CSI China Internet ETF (NYSE:KWEB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,487 shares of the company’s stock, valued at approximately $735,000.

Several other institutional investors and hedge funds also recently modified their holdings of KWEB. Primoris Wealth Advisors LLC acquired a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at approximately $1,272,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter worth approximately $461,000. Jessup Wealth Management Inc acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter valued at approximately $208,000. SG Americas Securities LLC lifted its position in shares of KraneShares CSI China Internet ETF by 54.7% in the third quarter. SG Americas Securities LLC now owns 62,542 shares of the company’s stock worth $2,627,000 after purchasing an additional 22,113 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of KraneShares CSI China Internet ETF by 17,683.0% in the third quarter. Spire Wealth Management now owns 35,566 shares of the company’s stock worth $1,494,000 after purchasing an additional 35,366 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSE KWEB opened at $35.71 on Monday. KraneShares CSI China Internet ETF has a 52 week low of $27.83 and a 52 week high of $43.37. The stock has a 50 day moving average price of $36.66 and a 200 day moving average price of $37.82.

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.