Perigon Wealth Management LLC grew its stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB – Free Report) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,207 shares of the company’s stock after buying an additional 800 shares during the period. Perigon Wealth Management LLC’s holdings in KraneShares CSI China Internet ETF were worth $303,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in KraneShares CSI China Internet ETF during the third quarter worth approximately $260,000. B. Riley Wealth Advisors Inc. acquired a new stake in KraneShares CSI China Internet ETF during the third quarter worth approximately $259,000. Solstein Capital LLC acquired a new stake in KraneShares CSI China Internet ETF during the fourth quarter worth approximately $38,000. Raymond James Financial Services Advisors Inc. grew its stake in KraneShares CSI China Internet ETF by 15.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 229,523 shares of the company’s stock worth $6,282,000 after purchasing an additional 30,563 shares during the period. Finally, Morgan Stanley grew its stake in KraneShares CSI China Internet ETF by 20.7% during the third quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock worth $232,970,000 after purchasing an additional 1,458,821 shares during the period.
KraneShares CSI China Internet ETF Price Performance
NYSEARCA KWEB opened at $25.55 on Wednesday. The business has a 50 day simple moving average of $25.87 and a 200 day simple moving average of $26.21. KraneShares CSI China Internet ETF has a one year low of $22.68 and a one year high of $32.06. The stock has a market capitalization of $5.28 billion, a P/E ratio of 20.84 and a beta of 1.28.
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.
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