Arrowpoint Investment Partners Singapore Pte. Ltd. Takes $2.57 Million Position in KraneShares CSI China Internet ETF $KWEB

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the fourth quarter, Holdings Channel.com reports. The fund acquired 75,400 shares of the company’s stock, valued at approximately $2,567,000. KraneShares CSI China Internet ETF accounts for 0.4% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in KraneShares CSI China Internet ETF by 12.5% during the third quarter. Bessemer Group Inc. now owns 7,130,716 shares of the company’s stock worth $299,561,000 after purchasing an additional 791,095 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of KraneShares CSI China Internet ETF by 0.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after buying an additional 12,467 shares during the period. Krane Funds Advisors LLC grew its stake in shares of KraneShares CSI China Internet ETF by 4.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock valued at $126,658,000 after buying an additional 151,300 shares during the period. Quadrature Capital Ltd increased its holdings in shares of KraneShares CSI China Internet ETF by 350.0% during the 3rd quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock worth $99,875,000 after buying an additional 1,849,107 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at approximately $95,497,000.

KraneShares CSI China Internet ETF Stock Performance

KWEB opened at $27.13 on Friday. KraneShares CSI China Internet ETF has a one year low of $26.23 and a one year high of $43.37. The stock has a market capitalization of $6.10 billion, a PE ratio of 15.95 and a beta of 0.34. The business’s 50 day moving average price is $28.48 and its 200 day moving average price is $32.30.

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.