Altfest L J & Co. Inc. Boosts Stake in KraneShares CSI China Internet ETF $KWEB

Altfest L J & Co. Inc. grew its holdings in KraneShares CSI China Internet ETF (NYSE:KWEB) by 1,873.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,512 shares of the company’s stock after purchasing an additional 172,315 shares during the period. Altfest L J & Co. Inc. owned approximately 0.08% of KraneShares CSI China Internet ETF worth $7,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Viewpoint Capital Management LLC raised its holdings in KraneShares CSI China Internet ETF by 0.3% in the 2nd quarter. Viewpoint Capital Management LLC now owns 108,476 shares of the company’s stock valued at $3,724,000 after buying an additional 320 shares during the period. 180 Wealth Advisors LLC raised its stake in shares of KraneShares CSI China Internet ETF by 1.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 34,697 shares of the company’s stock valued at $1,458,000 after acquiring an additional 340 shares during the period. Magnus Financial Group LLC lifted its holdings in shares of KraneShares CSI China Internet ETF by 3.2% in the 2nd quarter. Magnus Financial Group LLC now owns 15,303 shares of the company’s stock worth $525,000 after acquiring an additional 477 shares during the last quarter. ORG Partners LLC boosted its position in shares of KraneShares CSI China Internet ETF by 82.5% during the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock worth $40,000 after purchasing an additional 531 shares during the period. Finally, Everstar Asset Management LLC boosted its position in shares of KraneShares CSI China Internet ETF by 3.3% during the 2nd quarter. Everstar Asset Management LLC now owns 18,539 shares of the company’s stock worth $636,000 after purchasing an additional 598 shares during the period.

KraneShares CSI China Internet ETF Price Performance

Shares of NYSE KWEB opened at $35.63 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 50 day moving average is $37.40 and its two-hundred day moving average is $37.62.

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.