Bank of Nova Scotia Takes Position in KraneShares CSI China Internet ETF $KWEB

Bank of Nova Scotia purchased a new stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 32,070 shares of the company’s stock, valued at approximately $912,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in KraneShares CSI China Internet ETF by 634.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 837 shares of the company’s stock valued at $28,000 after purchasing an additional 723 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the fourth quarter worth approximately $32,000. JPL Wealth Management LLC bought a new stake in shares of KraneShares CSI China Internet ETF during the 3rd quarter valued at $34,000. Compagnie Lombard Odier SCmA bought a new stake in KraneShares CSI China Internet ETF in the fourth quarter valued at about $45,000. Finally, Fortitude Family Office LLC bought a new stake in shares of KraneShares CSI China Internet ETF in the 4th quarter valued at about $45,000.

KraneShares CSI China Internet ETF Stock Up 1.8%

KWEB opened at $27.80 on Thursday. The stock has a market cap of $5.50 billion, a P/E ratio of 15.95 and a beta of 0.35. KraneShares CSI China Internet ETF has a 12 month low of $23.23 and a 12 month high of $43.37. The company has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $29.44.

KraneShares CSI China Internet ETF Profile

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.