Kovack Advisors Inc. Makes New $710,000 Investment in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Kovack Advisors Inc. purchased a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,300 shares of the company’s stock, valued at approximately $710,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KWEB. Essex Financial Services Inc. increased its stake in KraneShares CSI China Internet ETF by 5.1% in the 3rd quarter. Essex Financial Services Inc. now owns 8,311 shares of the company’s stock worth $227,000 after purchasing an additional 400 shares in the last quarter. ORG Partners LLC increased its stake in KraneShares CSI China Internet ETF by 2.1% in the 4th quarter. ORG Partners LLC now owns 35,730 shares of the company’s stock worth $965,000 after purchasing an additional 744 shares in the last quarter. Perigon Wealth Management LLC increased its stake in KraneShares CSI China Internet ETF by 7.7% in the 4th quarter. Perigon Wealth Management LLC now owns 11,207 shares of the company’s stock worth $303,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC purchased a new position in KraneShares CSI China Internet ETF in the 3rd quarter worth about $25,000. Finally, Sterneck Capital Management LLC increased its stake in KraneShares CSI China Internet ETF by 1.3% in the 3rd quarter. Sterneck Capital Management LLC now owns 92,684 shares of the company’s stock worth $2,537,000 after purchasing an additional 1,216 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

NYSEARCA:KWEB opened at $28.80 on Friday. KraneShares CSI China Internet ETF has a fifty-two week low of $22.68 and a fifty-two week high of $32.06. The stock’s 50-day moving average is $26.22 and its two-hundred day moving average is $26.20. The stock has a market cap of $5.96 billion, a PE ratio of 20.84 and a beta of 1.28.

KraneShares CSI China Internet ETF Company Profile

The KraneShares CSI China Internet ETF (KWEB) is an exchange-traded fund that is based on the CSI Overseas China Internet index. The fund tracks a market cap-weighted index composed of overseas-listed Chinese Internet companies. KWEB was launched on Jul 31, 2013 and is managed by KraneShares.