Northstar Advisory Group LLC Invests $3.32 Million in KraneShares CSI China Internet ETF $KWEB

Northstar Advisory Group LLC bought a new position in shares of KraneShares CSI China Internet ETF (NYSE:KWEB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,106 shares of the company’s stock, valued at approximately $3,323,000. KraneShares CSI China Internet ETF accounts for about 1.4% of Northstar Advisory Group LLC’s holdings, making the stock its 24th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in KraneShares CSI China Internet ETF in the third quarter worth approximately $8,710,000. Simplicity Wealth LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $265,000. Brandywine Oak Private Wealth LLC acquired a new stake in shares of KraneShares CSI China Internet ETF in the 3rd quarter valued at $223,000. Quantum Portfolio Management LLC lifted its position in shares of KraneShares CSI China Internet ETF by 56.6% during the 3rd quarter. Quantum Portfolio Management LLC now owns 13,506 shares of the company’s stock worth $567,000 after purchasing an additional 4,882 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in shares of KraneShares CSI China Internet ETF by 13.8% during the third quarter. Csenge Advisory Group now owns 131,727 shares of the company’s stock worth $5,534,000 after purchasing an additional 16,018 shares in the last quarter.

KraneShares CSI China Internet ETF Price Performance

NYSE:KWEB opened at $35.82 on Tuesday. KraneShares CSI China Internet ETF has a 12 month low of $27.83 and a 12 month high of $43.37. The business’s fifty day moving average price is $36.26 and its 200 day moving average price is $37.89.

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.