23,218 Shares in KraneShares CSI China Internet ETF $KWEB Acquired by Ascentis Independent Advisors

Ascentis Independent Advisors purchased a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,218 shares of the company’s stock, valued at approximately $660,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Temasek Holdings Private Ltd increased its position in shares of KraneShares CSI China Internet ETF by 98.5% during the fourth quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock worth $221,304,000 after purchasing an additional 3,225,790 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at about $95,497,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $70,667,000. Quadrature Capital Ltd boosted its position in shares of KraneShares CSI China Internet ETF by 350.0% in the 3rd 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, BlueCrest Capital Management Ltd grew its stake in KraneShares CSI China Internet ETF by 421.5% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock worth $89,385,000 after buying an additional 1,719,701 shares during the last quarter.

KraneShares CSI China Internet ETF Stock Up 3.5%

KWEB opened at $26.41 on Thursday. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 52 week low of $23.23 and a 52 week high of $43.37. The business’s 50 day moving average is $26.84 and its two-hundred day moving average is $30.32.

About KraneShares CSI China Internet ETF

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.