Compass Rose Asset Management LP Invests $18.73 Million in KraneShares CSI China Internet ETF $KWEB

Compass Rose Asset Management LP acquired a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 550,000 shares of the company’s stock, valued at approximately $18,728,000. KraneShares CSI China Internet ETF makes up 1.5% of Compass Rose Asset Management LP’s portfolio, making the stock its 11th largest holding. Compass Rose Asset Management LP owned approximately 0.23% of KraneShares CSI China Internet ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of KraneShares CSI China Internet ETF by 12.5% in the third 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. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of KraneShares CSI China Internet ETF by 0.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,623,034 shares of the company’s stock valued at $123,365,000 after purchasing an additional 12,467 shares during the period. Krane Funds Advisors LLC boosted its stake in shares of KraneShares CSI China Internet ETF by 4.9% in the third quarter. Krane Funds Advisors LLC now owns 3,224,901 shares of the company’s stock valued at $126,658,000 after purchasing an additional 151,300 shares during the period. Quadrature Capital Ltd boosted its stake in shares of KraneShares CSI China Internet ETF by 350.0% in the third quarter. Quadrature Capital Ltd now owns 2,377,418 shares of the company’s stock valued at $99,875,000 after purchasing an additional 1,849,107 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of KraneShares CSI China Internet ETF in the third quarter valued at $95,497,000.

KraneShares CSI China Internet ETF Trading Down 0.3%

Shares of KWEB stock opened at $27.13 on Friday. The company has a market capitalization of $6.10 billion, a PE ratio of 15.95 and a beta of 0.34. The firm has a fifty day simple moving average of $28.48 and a 200-day simple moving average of $32.30. KraneShares CSI China Internet ETF has a twelve month low of $26.23 and a twelve month high of $43.37.

KraneShares CSI China Internet ETF Company 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.