Global Assets Advisory LLC Buys Shares of 12,937 KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

Global Assets Advisory LLC purchased a new position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,937 shares of the company’s stock, valued at approximately $340,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Solstein Capital LLC purchased a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its stake in KraneShares CSI China Internet ETF by 273.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the company’s stock valued at $68,000 after acquiring an additional 1,846 shares in the last quarter. BOCHK Asset Management Ltd purchased a new position in KraneShares CSI China Internet ETF in the fourth quarter worth $135,000. Optiver Holding B.V. increased its position in shares of KraneShares CSI China Internet ETF by 128.8% during the fourth quarter. Optiver Holding B.V. now owns 5,090 shares of the company’s stock worth $137,000 after purchasing an additional 2,865 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in KraneShares CSI China Internet ETF during the 4th quarter valued at about $200,000.

KraneShares CSI China Internet ETF Stock Performance

Shares of KWEB opened at $27.22 on Friday. KraneShares CSI China Internet ETF has a one year low of $22.68 and a one year high of $32.63. The stock has a market cap of $5.40 billion, a P/E ratio of 22.48 and a beta of 1.30. The stock has a 50-day moving average of $29.31 and a two-hundred day moving average of $26.92.

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.