Envestnet Asset Management Inc. Buys 203,064 Shares of KraneShares CSI China Internet ETF $KWEB

Envestnet Asset Management Inc. raised its position in KraneShares CSI China Internet ETF (NYSE:KWEB) by 419.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,521 shares of the company’s stock after acquiring an additional 203,064 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of KraneShares CSI China Internet ETF worth $10,566,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of KraneShares CSI China Internet ETF in the third quarter valued at $375,000. Rit Capital Partners PLC acquired a new stake in KraneShares CSI China Internet ETF during the third quarter worth $52,907,000. Garrison Bradford & Associates Inc. bought a new stake in KraneShares CSI China Internet ETF in the 3rd quarter valued at $267,000. Truxt Investmentos Ltda. acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $4,870,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $202,000.

KraneShares CSI China Internet ETF Trading Up 0.5%

Shares of KraneShares CSI China Internet ETF stock opened at $32.89 on Thursday. The firm’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $37.70. KraneShares CSI China Internet ETF has a twelve month low of $27.83 and a twelve month 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.