20,084 Shares in KraneShares CSI China Internet ETF $KWEB Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC bought a new position in KraneShares CSI China Internet ETF (NYSE:KWEB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,084 shares of the company’s stock, valued at approximately $844,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of KraneShares CSI China Internet ETF by 0.9% in the second quarter. Bessemer Group Inc. now owns 6,339,621 shares of the company’s stock valued at $217,640,000 after acquiring an additional 56,956 shares during the period. Temasek Holdings Private Ltd lifted its stake in KraneShares CSI China Internet ETF by 80.5% in the 2nd quarter. Temasek Holdings Private Ltd now owns 3,273,592 shares of the company’s stock worth $112,382,000 after purchasing an additional 1,459,884 shares in the last quarter. Voya Investment Management LLC bought a new position in KraneShares CSI China Internet ETF in the 1st quarter valued at $63,838,000. Kapitalo Investimentos Ltda grew its position in shares of KraneShares CSI China Internet ETF by 36.9% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 1,254,000 shares of the company’s stock valued at $43,050,000 after purchasing an additional 338,000 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of KraneShares CSI China Internet ETF by 41.6% during the 1st quarter. Royal Bank of Canada now owns 1,142,276 shares of the company’s stock valued at $39,878,000 after purchasing an additional 335,853 shares in the last quarter.

KraneShares CSI China Internet ETF Trading Down 1.0%

Shares of KWEB stock opened at $34.05 on Friday. KraneShares CSI China Internet ETF has a 52-week low of $27.27 and a 52-week high of $43.37. The business’s fifty day moving average is $37.49 and its 200 day moving average is $37.61.

The KraneShares CSI China Internet ETF (NYSE: KWEB) is an exchange-traded fund designed to offer investors targeted exposure to China’s rapidly evolving internet sector. Launched in May 2013, the fund seeks to track the CSI China Overseas Internet Index, which captures the performance of Chinese companies primarily engaged in internet and internet-related activities. KWEB provides access to companies operating across e-commerce, online gaming, social media, internet search, online entertainment and education, and related services.

The fund holds a diversified portfolio of equities that includes American depositary receipts (ADRs), Hong Kong–listed H-shares and companies trading on Chinese mainland exchanges.