KraneShares CSI China Internet ETF $KWEB Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) by 54.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 62,542 shares of the company’s stock after acquiring an additional 22,113 shares during the quarter. SG Americas Securities LLC’s holdings in KraneShares CSI China Internet ETF were worth $2,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KWEB. Quaker Wealth Management LLC increased its stake in KraneShares CSI China Internet ETF by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after buying an additional 2,000 shares during the period. ORG Partners LLC grew its stake in KraneShares CSI China Internet ETF by 82.5% in the 2nd quarter. ORG Partners LLC now owns 1,175 shares of the company’s stock valued at $40,000 after acquiring an additional 531 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of KraneShares CSI China Internet ETF in the third quarter valued at approximately $84,000. Headlands Technologies LLC purchased a new stake in shares of KraneShares CSI China Internet ETF in the second quarter valued at $134,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of KraneShares CSI China Internet ETF during the 2nd quarter worth about $203,000.

KraneShares CSI China Internet ETF Stock Down 2.0%

Shares of NYSE:KWEB opened at $36.92 on Wednesday. The business has a fifty day simple moving average of $36.83 and a 200-day simple moving average of $37.78. KraneShares CSI China Internet ETF has a 52 week low of $27.83 and a 52 week 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.