Rye Brook Capital LLC Acquires New Stake in KraneShares CSI China Internet ETF $KWEB

Rye Brook Capital LLC bought a new position in KraneShares CSI China Internet ETF (NYSE:KWEB) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 171,200 shares of the company’s stock, valued at approximately $7,192,000. KraneShares CSI China Internet ETF comprises approximately 3.7% of Rye Brook Capital LLC’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in KraneShares CSI China Internet ETF by 83.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,678 shares of the company’s stock worth $641,000 after purchasing an additional 8,479 shares in the last quarter. Soros Fund Management LLC increased its stake in KraneShares CSI China Internet ETF by 30.2% during the 2nd quarter. Soros Fund Management LLC now owns 293,404 shares of the company’s stock valued at $10,073,000 after purchasing an additional 68,000 shares in the last quarter. KG&L Capital Management LLC purchased a new position in KraneShares CSI China Internet ETF in the second quarter worth about $443,000. ABC Arbitrage SA lifted its stake in shares of KraneShares CSI China Internet ETF by 5.0% in the second quarter. ABC Arbitrage SA now owns 33,557 shares of the company’s stock worth $1,152,000 after buying an additional 1,600 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of KraneShares CSI China Internet ETF in the first quarter worth approximately $834,000.

KraneShares CSI China Internet ETF Trading Down 1.0%

NYSE:KWEB opened at $34.05 on Friday. The company’s 50 day moving average price is $37.49 and its 200-day moving average price is $37.61. KraneShares CSI China Internet ETF has a 52 week low of $27.27 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.