KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 6,469.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,306 shares of the company’s stock after purchasing an additional 59,388 shares during the quarter. Headlands Technologies LLC’s holdings in KraneShares CSI China Internet ETF were worth $1,628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KWEB. Morgan Stanley increased its stake in KraneShares CSI China Internet ETF by 20.7% in the third quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock valued at $232,970,000 after purchasing an additional 1,458,821 shares during the period. Alaska Permanent Fund Corp increased its stake in shares of KraneShares CSI China Internet ETF by 19.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 7,397,867 shares of the company’s stock worth $199,742,000 after acquiring an additional 1,182,456 shares during the period. Rafferty Asset Management LLC increased its stake in shares of KraneShares CSI China Internet ETF by 6.2% during the third quarter. Rafferty Asset Management LLC now owns 6,223,295 shares of the company’s stock worth $170,332,000 after acquiring an additional 363,661 shares during the period. Citigroup Inc. increased its stake in shares of KraneShares CSI China Internet ETF by 9.4% during the third quarter. Citigroup Inc. now owns 5,156,597 shares of the company’s stock worth $141,136,000 after acquiring an additional 444,023 shares during the period. Finally, Krane Funds Advisors LLC increased its stake in shares of KraneShares CSI China Internet ETF by 208.5% during the third quarter. Krane Funds Advisors LLC now owns 4,095,008 shares of the company’s stock worth $112,080,000 after acquiring an additional 2,767,540 shares during the period.

KraneShares CSI China Internet ETF Stock Up 2.8 %

Shares of KraneShares CSI China Internet ETF stock opened at $28.80 on Friday. KraneShares CSI China Internet ETF has a 52-week low of $22.68 and a 52-week high of $32.06. The company’s 50-day simple moving average is $26.22 and its 200-day simple moving average is $26.20. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 20.84 and a beta of 1.28.

About KraneShares CSI China Internet ETF

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.