KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its position in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) by 44.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,385 shares of the company’s stock after buying an additional 20,980 shares during the period. Pekin Hardy Strauss Inc.’s holdings in KraneShares CSI China Internet ETF were worth $1,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KWEB. Morgan Stanley boosted its position in shares of KraneShares CSI China Internet ETF by 20.7% during the 3rd quarter. Morgan Stanley now owns 8,511,868 shares of the company’s stock worth $232,970,000 after purchasing an additional 1,458,821 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of KraneShares CSI China Internet ETF by 19.0% in the fourth quarter. Alaska Permanent Fund Corp now owns 7,397,867 shares of the company’s stock valued at $199,742,000 after buying an additional 1,182,456 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in KraneShares CSI China Internet ETF by 6.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 6,223,295 shares of the company’s stock valued at $170,332,000 after acquiring an additional 363,661 shares during the period. Citigroup Inc. grew its position in KraneShares CSI China Internet ETF by 9.4% in the 3rd quarter. Citigroup Inc. now owns 5,156,597 shares of the company’s stock valued at $141,136,000 after acquiring an additional 444,023 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its stake in 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 purchasing an additional 2,767,540 shares during the period.

KraneShares CSI China Internet ETF Stock Performance

KWEB stock traded down $0.84 during midday trading on Tuesday, reaching $27.87. 27,549,829 shares of the company were exchanged, compared to its average volume of 21,887,207. The stock’s 50-day simple moving average is $26.29 and its 200 day simple moving average is $26.19. KraneShares CSI China Internet ETF has a 1-year low of $22.68 and a 1-year high of $32.06. The company has a market cap of $5.76 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.