B. Riley Wealth Advisors Inc. purchased a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) during the third quarter, according to its latest Form 13F filed with the SEC. The fund purchased 9,458 shares of the company’s stock, valued at approximately $259,000.
Other hedge funds have also recently adjusted their positions in the company. Fortis Group Advisors LLC purchased a new position in Kraft CSI China Internet ETF during the third quarter worth approximately $246,000. Comerica Bank purchased a new position in KraneShares CSI China Internet ETF during the third quarter worth approximately $419,000. Morgan Stanley increased its position in the Jinrui CSI China Internet ETF by 20.7% in the third quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock valued at $232,970,000 after acquiring an additional 1,458,821 shares during the last quarter. Essex Financial Services Inc. increased its holdings in the Brokerage CSI China Internet ETF by 5.1% in the third quarter. Essex Financial Services Inc. now owns 8,311 shares of the company’s stock valued at $227,000 after acquiring an additional 400 shares during the last quarter. Finally, KADENSA CAPITAL Ltd raised its position in KraneShares CSI China Internet ETF by 1.7% during the third quarter. KADENSA CAPITAL Ltd now owns 418,837 shares of the company’s stock valued at $11,464,000 after acquiring an additional 6,818 shares during the last quarter.
Shares in the CSI China Internet ETF fell 1.4%
KWEB stock opened Friday at $26.22. The stock has a 50-day simple moving average of $25.04 and a 200-day simple moving average of $26.34. The CSI China Internet ETF has a 12-month low of $22.68 and a 12-month high of $32.06.
Introduction to Jinrui CSI China Internet ETF
(free report)
The Kingsoft CSI China Internet ETF (KWEB) is an exchange-traded fund based on the CSI Overseas China Internet Index. The fund tracks a market capitalization-weighted index of overseas-listed Chinese internet companies. KWEB was launched on July 31, 2013 and is managed by KraneShares.
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