ABC Arbitrage SA Purchases 104,573 Shares of KraneShares CSI China Internet ETF $KWEB

ABC Arbitrage SA increased its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 311.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,130 shares of the company’s stock after buying an additional 104,573 shares during the quarter. ABC Arbitrage SA owned 0.06% of KraneShares CSI China Internet ETF worth $5,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KWEB. Prospera Financial Services Inc increased its holdings in shares of KraneShares CSI China Internet ETF by 364.5% in the third quarter. Prospera Financial Services Inc now owns 27,507 shares of the company’s stock worth $1,156,000 after buying an additional 21,585 shares during the period. Oppenheimer & Co. Inc. grew its position in KraneShares CSI China Internet ETF by 39.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,879 shares of the company’s stock worth $877,000 after acquiring an additional 5,868 shares during the last quarter. Wellington Shields Capital Management LLC purchased a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth approximately $269,000. Prime Capital Investment Advisors LLC increased its stake in KraneShares CSI China Internet ETF by 209.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 29,492 shares of the company’s stock worth $1,239,000 after purchasing an additional 19,951 shares during the period. Finally, MONECO Advisors LLC bought a new stake in KraneShares CSI China Internet ETF in the third quarter valued at approximately $2,309,000.

KraneShares CSI China Internet ETF Stock Down 0.1%

Shares of NYSE KWEB opened at $34.31 on Wednesday. The firm’s fifty day moving average is $35.69 and its 200 day moving average is $37.82. KraneShares CSI China Internet ETF has a 52 week low of $27.83 and a 52 week high of $43.37.

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.