Edgestream Partners L.P. Invests $755,000 in KraneShares CSI China Internet ETF $KWEB

Edgestream Partners L.P. bought a new position in shares of KraneShares CSI China Internet ETF (NYSEARCA:KWEB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,567 shares of the company’s stock, valued at approximately $755,000.

A number of other hedge funds have also added to or reduced their stakes in KWEB. Temasek Holdings Private Ltd increased its stake in KraneShares CSI China Internet ETF by 98.5% in the 4th quarter. Temasek Holdings Private Ltd now owns 6,499,382 shares of the company’s stock valued at $221,304,000 after buying an additional 3,225,790 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $70,667,000. BlueCrest Capital Management Ltd boosted its stake in shares of KraneShares CSI China Internet ETF by 421.5% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 2,127,701 shares of the company’s stock worth $89,385,000 after buying an additional 1,719,701 shares during the last quarter. Robinhood Asset Management LLC acquired a new position in shares of KraneShares CSI China Internet ETF during the 4th quarter worth about $54,053,000. Finally, SG Americas Securities LLC grew its holdings in shares of KraneShares CSI China Internet ETF by 652.0% in the 1st quarter. SG Americas Securities LLC now owns 1,693,386 shares of the company’s stock valued at $48,143,000 after acquiring an additional 1,468,208 shares in the last quarter.

KraneShares CSI China Internet ETF Stock Up 0.5%

KWEB stock opened at $28.89 on Wednesday. The business has a 50 day moving average price of $26.32 and a two-hundred day moving average price of $29.21. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 15.95 and a beta of 0.36. KraneShares CSI China Internet ETF has a twelve month low of $23.23 and a twelve month high of $43.37.

KraneShares CSI China Internet ETF Company 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.