Amitell Capital Pte Ltd Takes Position in KraneShares CSI China Internet ETF $KWEB

Amitell Capital Pte Ltd purchased a new position in KraneShares CSI China Internet ETF (NYSE:KWEB) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 126,503 shares of the company’s stock, valued at approximately $5,314,000. KraneShares CSI China Internet ETF makes up 3.2% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Temasek Holdings Private Ltd increased its holdings in shares of KraneShares CSI China Internet ETF by 80.5% in the 2nd quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock valued at $112,382,000 after acquiring an additional 1,459,884 shares during the period. Rit Capital Partners PLC purchased a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at about $52,907,000. Bessemer Group Inc. lifted its stake in shares of KraneShares CSI China Internet ETF by 12.5% in the 3rd quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock valued at $299,561,000 after purchasing an additional 791,095 shares during the period. Banco BTG Pactual S.A. grew its holdings in KraneShares CSI China Internet ETF by 290.0% in the second quarter. Banco BTG Pactual S.A. now owns 426,700 shares of the company’s stock valued at $14,649,000 after purchasing an additional 651,250 shares during the period. Finally, JPMorgan Chase & Co. raised its position in KraneShares CSI China Internet ETF by 1,081.6% during the third quarter. JPMorgan Chase & Co. now owns 684,396 shares of the company’s stock worth $28,751,000 after acquiring an additional 626,475 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

KWEB opened at $32.24 on Thursday. KraneShares CSI China Internet ETF has a twelve month low of $27.83 and a twelve month high of $43.37. The firm’s 50-day moving average price is $34.78 and its 200 day moving average price is $37.59.

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.