Concurrent Investment Advisors LLC Buys Shares of 17,487 KraneShares CSI China Internet ETF $KWEB

Concurrent Investment Advisors LLC bought a new stake in KraneShares CSI China Internet ETF (NYSE:KWEB) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,487 shares of the company’s stock, valued at approximately $735,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC increased its holdings in shares of KraneShares CSI China Internet ETF by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after buying an additional 2,000 shares in the last quarter. ORG Partners LLC grew its stake in shares of KraneShares CSI China Internet ETF by 82.5% in the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after buying an additional 531 shares in the last quarter. Mather Group LLC. bought a new position in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at $84,000. Headlands Technologies LLC bought a new position in KraneShares CSI China Internet ETF during the second quarter valued at about $134,000. Finally, Prospera Financial Services Inc acquired a new position in KraneShares CSI China Internet ETF during the second quarter valued at approximately $203,000.

KraneShares CSI China Internet ETF Stock Down 1.8%

Shares of NYSE KWEB opened at $35.71 on Monday. KraneShares CSI China Internet ETF has a 12 month low of $27.83 and a 12 month high of $43.37. The business’s 50 day moving average is $36.66 and its two-hundred day moving average is $37.82.

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.